Advisors Asset Management Inc. Boosts Holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Advisors Asset Management Inc. raised its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 3.0% in the fourth quarter, Holdings Channel reports. The fund owned 823,861 shares of the company’s stock after buying an additional 23,622 shares during the period. Advisors Asset Management Inc.’s holdings in PGIM Global High Yield Fund were worth $10,150,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in shares of PGIM Global High Yield Fund in the 4th quarter valued at $45,000. Oppenheimer & Co. Inc. purchased a new stake in shares of PGIM Global High Yield Fund during the 4th quarter worth $124,000. Clay Northam Wealth Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth about $131,000. Apollon Wealth Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth about $168,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter worth about $179,000.

PGIM Global High Yield Fund Price Performance

Shares of GHY stock opened at $12.96 on Wednesday. PGIM Global High Yield Fund, Inc has a twelve month low of $11.12 and a twelve month high of $13.54. The firm has a 50-day moving average price of $13.10 and a 200 day moving average price of $12.82.

PGIM Global High Yield Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.105 dividend. This represents a yield of 9.71%. The ex-dividend date of this dividend is Thursday, March 13th.

PGIM Global High Yield Fund 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.