Sanctuary Advisors LLC Acquires New Stake in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Sanctuary Advisors LLC bought a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 50,149 shares of the company’s stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stolper Co lifted its stake in shares of PGIM Global High Yield Fund by 15.0% in the first quarter. Stolper Co now owns 41,186 shares of the company’s stock worth $493,000 after acquiring an additional 5,387 shares during the period. Park Avenue Securities LLC increased its position in PGIM Global High Yield Fund by 20.1% during the 1st quarter. Park Avenue Securities LLC now owns 18,504 shares of the company’s stock valued at $221,000 after purchasing an additional 3,097 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in PGIM Global High Yield Fund during the 1st quarter valued at approximately $33,000. City of London Investment Management Co. Ltd. raised its holdings in PGIM Global High Yield Fund by 15.1% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 887,666 shares of the company’s stock worth $10,616,000 after purchasing an additional 116,763 shares during the last quarter. Finally, Ironsides Asset Advisors LLC lifted its position in shares of PGIM Global High Yield Fund by 4.6% in the 1st quarter. Ironsides Asset Advisors LLC now owns 21,299 shares of the company’s stock worth $255,000 after purchasing an additional 939 shares during the period.

Insider Activity

In related news, Director Barry H. Evans sold 3,747 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 in the company, valued at $1,046,706.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PGIM Global High Yield Fund Trading Down 0.3 %

GHY opened at $12.65 on Tuesday. PGIM Global High Yield Fund, Inc has a twelve month low of $10.24 and a twelve month high of $12.94. The company has a fifty day moving average of $12.60 and a 200-day moving average of $12.12.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 10.08%.

PGIM Global High Yield Fund Company 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.