Choreo LLC Invests $355,000 in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Choreo LLC acquired a new stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,778 shares of the company’s stock, valued at approximately $355,000.

Several other institutional investors have also added to or reduced their stakes in GHY. Cetera Investment Advisers increased its stake in shares of PGIM Global High Yield Fund by 313.6% in the first quarter. Cetera Investment Advisers now owns 251,438 shares of the company’s stock worth $3,007,000 after purchasing an additional 190,648 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in PGIM Global High Yield Fund by 15.1% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 887,666 shares of the company’s stock valued at $10,616,000 after buying an additional 116,763 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in PGIM Global High Yield Fund by 19.9% during the 1st quarter. Advisors Asset Management Inc. now owns 655,523 shares of the company’s stock valued at $7,840,000 after acquiring an additional 108,756 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in shares of PGIM Global High Yield Fund during the first quarter worth $686,000. Finally, Cetera Advisors LLC boosted its holdings in shares of PGIM Global High Yield Fund by 23.4% in the first quarter. Cetera Advisors LLC now owns 144,278 shares of the company’s stock worth $1,726,000 after acquiring an additional 27,377 shares during the period.

PGIM Global High Yield Fund Stock Performance

Shares of NYSE GHY opened at $12.56 on Wednesday. PGIM Global High Yield Fund, Inc has a fifty-two week low of $10.24 and a fifty-two week high of $12.68. The stock has a fifty day moving average of $12.44 and a 200-day moving average of $11.99.

PGIM Global High Yield Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.105 dividend. This represents a dividend yield of 10.08%. The ex-dividend date of this dividend is Thursday, September 12th.

Insider Activity

In related news, Director Barry H. Evans sold 3,747 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $12.47, for a total transaction of $46,725.09. Following the sale, the director now owns 83,938 shares of the company’s stock, valued at approximately $1,046,706.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.