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

Capital Investment Advisors LLC trimmed its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 409,271 shares of the company’s stock after selling 21,643 shares during the period. Capital Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $5,599,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in PGIM High Yield Bond Fund in the third quarter valued at $675,000. Jane Street Group LLC bought a new stake in PGIM High Yield Bond Fund in the third quarter valued at $322,000. Sanctuary Advisors LLC bought a new stake in PGIM High Yield Bond Fund in the second quarter valued at $258,000. Raymond James & Associates boosted its holdings in PGIM High Yield Bond Fund by 4.1% in the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock valued at $6,339,000 after acquiring an additional 18,025 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in PGIM High Yield Bond Fund by 8.3% in the second 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 in the last quarter.

PGIM High Yield Bond Fund Trading Down 1.6 %

NYSE:ISD opened at $13.65 on Tuesday. The firm’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $13.73. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.20 and a twelve month high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

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

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).