Private Advisor Group LLC Sells 11,328 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Private Advisor Group LLC decreased its stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,501 shares of the company’s stock after selling 11,328 shares during the quarter. Private Advisor Group LLC’s holdings in PGIM High Yield Bond Fund were worth $2,405,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ISD. Clean Yield Group bought a new stake in shares of PGIM High Yield Bond Fund during the first quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its position in PGIM High Yield Bond Fund by 210.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock valued at $124,000 after purchasing an additional 6,800 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of PGIM High Yield Bond Fund by 10.3% in the 2nd quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after buying an additional 1,625 shares during the period. Sanctuary Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund during the 2nd quarter worth $258,000. Finally, Cetera Advisors LLC increased its stake in shares of PGIM High Yield Bond Fund by 5.5% during the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock valued at $993,000 after buying an additional 3,996 shares during the period.

PGIM High Yield Bond Fund Price Performance

NYSE:ISD opened at $13.96 on Tuesday. PGIM High Yield Bond Fund, Inc. has a 1-year low of $11.02 and a 1-year high of $14.16. The company has a 50-day moving average of $13.87 and a 200 day moving average of $13.23.

PGIM High Yield Bond Fund Announces Dividend

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

About PGIM High Yield Bond Fund

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).