Sanctuary Advisors LLC Has $273,000 Stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Sanctuary Advisors LLC cut its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,701 shares of the company’s stock after selling 982 shares during the period. Sanctuary Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ISD. Jane Street Group LLC bought a new stake in PGIM High Yield Bond Fund in the third quarter worth approximately $322,000. Stifel Financial Corp bought a new position in PGIM High Yield Bond Fund during the third quarter worth $675,000. IHT Wealth Management LLC grew its holdings in PGIM High Yield Bond Fund by 67.8% in the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after purchasing an additional 7,240 shares during the period. FSA Wealth Management LLC bought a new stake in PGIM High Yield Bond Fund in the third quarter valued at $68,000. Finally, Penserra Capital Management LLC acquired a new position in shares of PGIM High Yield Bond Fund during the third quarter valued at about $5,007,000.

PGIM High Yield Bond Fund Price Performance

ISD stock opened at $13.74 on Friday. PGIM High Yield Bond Fund, Inc. has a 1 year low of $12.20 and a 1 year high of $14.43. The company’s 50-day moving average is $13.91 and its 200-day moving average is $13.64.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid 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).