Raymond James & Associates Increases Stock Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Raymond James & Associates lifted its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 454,752 shares of the company’s stock after acquiring an additional 18,025 shares during the quarter. Raymond James & Associates’ holdings in PGIM High Yield Bond Fund were worth $6,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in PGIM High Yield Bond Fund in the first quarter worth $26,000. PNC Financial Services Group Inc. increased its position in shares of PGIM High Yield Bond Fund by 210.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock worth $124,000 after acquiring an additional 6,800 shares during the period. International Assets Investment Management LLC raised its stake in shares of PGIM High Yield Bond Fund by 10.3% during the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock valued at $223,000 after acquiring an additional 1,625 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of PGIM High Yield Bond Fund in the second quarter valued at approximately $258,000. Finally, Cetera Advisors LLC grew its stake in PGIM High Yield Bond Fund by 5.5% in the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock worth $993,000 after purchasing an additional 3,996 shares in the last quarter.

PGIM High Yield Bond Fund Trading Up 0.3 %

Shares of ISD stock opened at $14.04 on Friday. PGIM High Yield Bond Fund, Inc. has a twelve month low of $11.09 and a twelve month high of $14.16. The stock has a fifty day simple moving average of $13.89 and a two-hundred day simple moving average of $13.26.

PGIM High Yield Bond Fund Announces Dividend

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

PGIM High Yield Bond Fund 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).