Apollon Wealth Management LLC Purchases New Stake in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Apollon Wealth Management LLC bought a new stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,615 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds have also made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the third quarter worth about $4,889,000. Avestar Capital LLC boosted its holdings in PGIM Global High Yield Fund by 64.3% in the 3rd quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after acquiring an additional 45,000 shares during the period. Advisors Asset Management Inc. boosted its holdings in PGIM Global High Yield Fund by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock worth $10,227,000 after acquiring an additional 20,555 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of PGIM Global High Yield Fund during the third quarter valued at approximately $179,000. Finally, Clay Northam Wealth Management LLC purchased a new stake in shares of PGIM Global High Yield Fund during the fourth quarter valued at approximately $131,000.

Insider Transactions at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of PGIM Global High Yield Fund stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the sale, the director now owns 42,053 shares in the company, valued at approximately $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PGIM Global High Yield Fund Stock Performance

Shares of GHY stock opened at $13.12 on Friday. PGIM Global High Yield Fund, Inc has a twelve month low of $11.11 and a twelve month high of $13.54. The firm has a fifty day simple moving average of $12.86 and a 200-day simple moving average of $12.71.

PGIM Global High Yield Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.105 dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 9.75%.

PGIM Global High Yield Fund Company Profile

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.