PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Stock Position Lowered by Stolper Co

Stolper Co lowered its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,804 shares of the company’s stock after selling 1,035 shares during the quarter. Stolper Co’s holdings in PGIM High Yield Bond Fund were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SteelPeak Wealth LLC boosted its position in shares of PGIM High Yield Bond Fund by 33.9% during the 3rd quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock valued at $9,104,000 after purchasing an additional 165,394 shares in the last quarter. Raymond James & Associates lifted its stake in 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 valued at $6,339,000 after purchasing an additional 18,025 shares during the last quarter. Penserra Capital Management LLC acquired a new position in PGIM High Yield Bond Fund in the third quarter worth approximately $5,007,000. International Assets Investment Management LLC increased its holdings in shares of PGIM High Yield Bond Fund by 1,294.0% in the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after buying an additional 224,263 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock valued at $2,214,000 after acquiring an additional 13,116 shares during the last quarter.

PGIM High Yield Bond Fund Price Performance

ISD opened at $13.76 on Thursday. The business has a fifty day simple moving average of $13.86 and a 200-day simple moving average of $13.74. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

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

About PGIM High Yield Bond Fund

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).