PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC increased its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,259 shares of the company’s stock after buying an additional 4,826 shares during the period. Modern Wealth Management LLC’s holdings in PGIM High Yield Bond Fund were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the third quarter worth about $68,000. Intellus Advisors LLC acquired a new stake in PGIM High Yield Bond Fund during the 4th quarter valued at approximately $157,000. IHT Wealth Management LLC increased its holdings in PGIM High Yield Bond Fund by 67.8% during the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after purchasing an additional 7,240 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of PGIM High Yield Bond Fund by 14.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at approximately $322,000.

PGIM High Yield Bond Fund Price Performance

ISD stock opened at $14.30 on Thursday. The firm has a 50 day simple moving average of $14.06 and a 200-day simple moving average of $13.95. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.21 and a twelve month high of $14.49.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.105 dividend. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend is Thursday, March 13th.

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).