Park Avenue Securities LLC Buys 3,097 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Park Avenue Securities LLC grew its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,504 shares of the company’s stock after buying an additional 3,097 shares during the period. Park Avenue Securities LLC’s holdings in PGIM Global High Yield Fund were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Stolper Co increased its holdings in shares of PGIM Global High Yield Fund by 15.0% in the first quarter. Stolper Co now owns 41,186 shares of the company’s stock worth $493,000 after purchasing an additional 5,387 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of PGIM Global High Yield Fund by 25.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 60,675 shares of the company’s stock valued at $689,000 after acquiring an additional 12,307 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its position in shares of PGIM Global High Yield Fund by 6.2% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 770,903 shares of the company’s stock valued at $8,757,000 after acquiring an additional 45,000 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of PGIM Global High Yield Fund during the fourth quarter worth about $880,000. Finally, Spire Wealth Management increased its position in shares of PGIM Global High Yield Fund by 50.6% in the fourth quarter. Spire Wealth Management now owns 13,682 shares of the company’s stock worth $153,000 after purchasing an additional 4,595 shares during the last quarter.

PGIM Global High Yield Fund Stock Up 0.6 %

Shares of GHY opened at $12.00 on Wednesday. PGIM Global High Yield Fund, Inc has a 1-year low of $10.24 and a 1-year high of $12.16. The firm’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $11.63.

PGIM Global High Yield Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.105 per share. This represents a dividend yield of 10.55%. The ex-dividend date of this dividend was Thursday, June 13th.

About PGIM Global High Yield Fund

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services.