UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,000 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 10,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PGIM Global High Yield Fund were worth $192,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in PGIM Global High Yield Fund by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,221 shares during the last quarter. Shaker Financial Services LLC boosted its stake in shares of PGIM Global High Yield Fund by 9.0% in the 2nd quarter. Shaker Financial Services LLC now owns 193,465 shares of the company’s stock valued at $2,298,000 after purchasing an additional 15,964 shares during the last quarter. Choreo LLC acquired a new stake in shares of PGIM Global High Yield Fund during the 2nd quarter worth approximately $355,000. Insigneo Advisory Services LLC bought a new stake in shares of PGIM Global High Yield Fund during the second quarter worth approximately $1,535,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of PGIM Global High Yield Fund by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after buying an additional 1,050 shares during the last quarter.

PGIM Global High Yield Fund Stock Up 0.7 %

Shares of GHY stock opened at $12.55 on Friday. The firm’s 50 day moving average price is $12.69 and its two-hundred day moving average price is $12.49. PGIM Global High Yield Fund, Inc has a 52-week low of $11.05 and a 52-week high of $13.11.

PGIM Global High Yield Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 9.75%.

Insider Transactions at PGIM Global High Yield Fund

In other news, Director Barry H. Evans sold 41,885 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the sale, the director now directly owns 42,053 shares of the company’s stock, valued at $546,268.47. This represents a 49.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

About PGIM Global High Yield Fund

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.