PNC Financial Services Group Inc. Has $124,000 Stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

PNC Financial Services Group Inc. grew its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 210.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,025 shares of the company’s stock after buying an additional 6,800 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PGIM High Yield Bond Fund were worth $124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG lifted its stake in PGIM High Yield Bond Fund by 13.4% during the third quarter. UBS Group AG now owns 177,154 shares of the company’s stock worth $2,087,000 after purchasing an additional 20,956 shares during the last quarter. Stolper Co boosted its stake in PGIM High Yield Bond Fund by 4.7% in the fourth quarter. Stolper Co now owns 33,918 shares of the company’s stock valued at $418,000 after buying an additional 1,524 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in PGIM High Yield Bond Fund by 1.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 117,440 shares of the company’s stock valued at $1,447,000 after acquiring an additional 1,326 shares during the last quarter. International Assets Investment Management LLC raised its stake in PGIM High Yield Bond Fund by 994.7% during the fourth quarter. International Assets Investment Management LLC now owns 193,498 shares of the company’s stock worth $2,384,000 after acquiring an additional 175,822 shares in the last quarter. Finally, Investment Partners Asset Management Inc. bought a new position in shares of PGIM High Yield Bond Fund in the fourth quarter worth about $416,000.

PGIM High Yield Bond Fund Stock Up 0.4 %

Shares of PGIM High Yield Bond Fund stock opened at $13.13 on Friday. The firm’s 50 day moving average is $12.71 and its 200 day moving average is $12.68. PGIM High Yield Bond Fund, Inc. has a 1 year low of $10.98 and a 1 year high of $13.16.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, June 13th. This represents a dividend yield of 9.91%.

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).