PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Get Free Report) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $11.97 and traded as low as $11.44. PGIM High Yield Bond Fund shares last traded at $11.48, with a volume of 125,751 shares changing hands.
PGIM High Yield Bond Fund Trading Up 0.2%
The business’s 50-day simple moving average is $11.97 and its two-hundred day simple moving average is $12.60.
PGIM High Yield Bond Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Thursday, November 12th will be given a $0.1050 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.26 annualized dividend and a dividend yield of 11.0%.
Institutional Trading of PGIM High Yield Bond Fund
A number of institutional investors have recently modified their holdings of ISD. Readystate Asset Management LP raised its holdings in PGIM High Yield Bond Fund by 350.6% during the 2nd quarter. Readystate Asset Management LP now owns 77,863 shares of the company’s stock valued at $1,017,000 after acquiring an additional 60,583 shares during the period. SteelPeak Wealth LLC lifted its position in shares of PGIM High Yield Bond Fund by 7.5% during the first quarter. SteelPeak Wealth LLC now owns 794,786 shares of the company’s stock worth $10,459,000 after acquiring an additional 55,132 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PGIM High Yield Bond Fund during the second quarter worth $2,734,000. Bank of America Corp DE purchased a new stake in shares of PGIM High Yield Bond Fund during the second quarter worth $7,325,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of PGIM High Yield Bond Fund in the second quarter worth $1,522,000.
About PGIM High Yield Bond Fund
PGIM High Yield Bond Fund, Inc (NYSE: ISD) is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PGIM Investments, part of Prudential Financial’s global investment management business.
The fund invests primarily in high-yield corporate bonds, commonly known as below-investment-grade or “junk” bonds. Its portfolio may include debt securities issued by companies across a range of industries and may also include securities issued by non-U.S.
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