Capital Investment Advisors LLC Lowers Stock Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Capital Investment Advisors LLC reduced its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,271 shares of the company’s stock after selling 21,643 shares during the quarter. Capital Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $5,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in shares of PGIM High Yield Bond Fund during the third quarter worth approximately $68,000. IHT Wealth Management LLC raised its stake in shares of PGIM High Yield Bond Fund by 67.8% during the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of PGIM High Yield Bond Fund by 8.3% during the second quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock worth $2,214,000 after acquiring an additional 13,116 shares in the last quarter. Raymond James & Associates raised its stake in shares of PGIM High Yield Bond Fund by 4.1% during the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after acquiring an additional 18,025 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of PGIM High Yield Bond Fund during the second quarter worth approximately $258,000.

PGIM High Yield Bond Fund Price Performance

ISD stock opened at $13.65 on Tuesday. PGIM High Yield Bond Fund, Inc. has a one year low of $12.20 and a one year high of $14.43. The company’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $13.73.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.105 dividend. This represents a dividend yield of 8.87%. The ex-dividend date of this dividend was Thursday, December 12th.

PGIM High Yield Bond Fund Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).