Oppenheimer & Co. Inc. Buys New Holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Oppenheimer & Co. Inc. purchased a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,087 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GHY. Advisors Asset Management Inc. boosted its position in shares of PGIM Global High Yield Fund by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after acquiring an additional 20,555 shares in the last quarter. Activest Wealth Management boosted its holdings in PGIM Global High Yield Fund by 23.3% during the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after purchasing an additional 3,961 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in PGIM Global High Yield Fund during the third quarter valued at approximately $4,889,000. Avestar Capital LLC grew its stake in shares of 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 valued at $1,469,000 after purchasing an additional 45,000 shares during the period. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in shares of PGIM Global High Yield Fund in the 3rd quarter worth approximately $179,000.

PGIM Global High Yield Fund Stock Down 1.2 %

Shares of GHY stock opened at $13.13 on Monday. The stock’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $12.80. PGIM Global High Yield Fund, Inc has a one year low of $11.11 and a one year high of $13.54.

PGIM Global High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Thursday, May 15th.

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.