Stonebrook Private Inc. Invests $150,000 in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Stonebrook Private Inc. acquired a new stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,173 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors have also recently made changes to their positions in the company. Advisor Partners II LLC acquired a new position in PGIM High Yield Bond Fund during the 3rd quarter valued at approximately $2,475,000. International Assets Investment Management LLC raised its stake in PGIM High Yield Bond Fund by 994.7% in the 4th quarter. International Assets Investment Management LLC now owns 193,498 shares of the company’s stock worth $2,384,000 after acquiring an additional 175,822 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in PGIM High Yield Bond Fund by 18.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 414,433 shares of the company’s stock worth $4,882,000 after acquiring an additional 63,814 shares during the period. Shaker Financial Services LLC increased its holdings in shares of PGIM High Yield Bond Fund by 144.3% in the third quarter. Shaker Financial Services LLC now owns 103,160 shares of the company’s stock valued at $1,215,000 after purchasing an additional 60,930 shares during the period. Finally, Robinson Capital Management LLC purchased a new position in shares of PGIM High Yield Bond Fund in the third quarter worth about $396,000.

PGIM High Yield Bond Fund Trading Up 0.3 %

Shares of NYSE ISD opened at $12.52 on Tuesday. PGIM High Yield Bond Fund, Inc. has a 52 week low of $10.98 and a 52 week high of $13.16. The business’s 50 day moving average price is $12.76 and its 200 day moving average price is $12.35.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 9.6%.

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).