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

Capital Investment Advisors LLC lessened its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,914 shares of the company’s stock after selling 11,725 shares during the period. Capital Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $6,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ISD. PNC Financial Services Group Inc. lifted its holdings in shares of PGIM High Yield Bond Fund by 210.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock valued at $124,000 after purchasing an additional 6,800 shares during the last quarter. Nomura Holdings Inc. purchased a new position in PGIM High Yield Bond Fund in the 4th quarter worth $126,000. Investment Partners Asset Management Inc. raised its stake in PGIM High Yield Bond Fund by 3.9% in the 1st quarter. Investment Partners Asset Management Inc. now owns 35,100 shares of the company’s stock worth $456,000 after acquiring an additional 1,322 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in PGIM High Yield Bond Fund in the 1st quarter worth $2,915,000. Finally, Edmonds Duncan Registered Investment Advisors LLC raised its stake in PGIM High Yield Bond Fund by 2.9% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 48,981 shares of the company’s stock worth $636,000 after acquiring an additional 1,392 shares during the last quarter.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock opened at $13.96 on Friday. The business has a fifty day moving average of $13.83 and a 200 day moving average of $13.18. PGIM High Yield Bond Fund, Inc. has a 1 year low of $10.98 and a 1 year high of $14.16.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 9.09%.

PGIM High Yield Bond Fund Company 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).