48,436 Shares in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 48,436 shares of the company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new position in shares of PGIM High Yield Bond Fund during the third quarter worth approximately $5,007,000. International Assets Investment Management LLC raised its stake in PGIM High Yield Bond Fund by 1,294.0% during the 3rd quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after purchasing an additional 224,263 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in PGIM High Yield Bond Fund by 33.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock valued at $9,104,000 after purchasing an additional 165,394 shares during the period. Raymond James & Associates grew its position in PGIM High Yield Bond Fund by 35.2% in the 2nd quarter. Raymond James & Associates now owns 436,727 shares of the company’s stock worth $5,625,000 after purchasing an additional 113,585 shares during the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of PGIM High Yield Bond Fund by 28.6% during the 2nd quarter. Shaker Financial Services LLC now owns 208,631 shares of the company’s stock worth $2,687,000 after purchasing an additional 46,451 shares during the period.

PGIM High Yield Bond Fund Stock Up 1.0 %

Shares of ISD opened at $13.93 on Thursday. The company has a 50-day simple moving average of $13.91 and a 200-day simple moving average of $13.63. PGIM High Yield Bond Fund, Inc. has a 52 week low of $12.20 and a 52 week high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 8.87%.

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).