Cetera Investment Advisers Has $2.21 Million Stock Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Cetera Investment Advisers raised its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 171,893 shares of the company’s stock after acquiring an additional 13,116 shares during the period. Cetera Investment Advisers’ holdings in PGIM High Yield Bond Fund were worth $2,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of ISD. PNC Financial Services Group Inc. grew its position in PGIM High Yield Bond Fund by 210.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock valued at $124,000 after purchasing an additional 6,800 shares during the period. Nomura Holdings Inc. acquired a new position in shares of PGIM High Yield Bond Fund during the fourth quarter valued at about $126,000. Stolper Co increased its position in shares of PGIM High Yield Bond Fund by 11.7% during the first quarter. Stolper Co now owns 37,896 shares of the company’s stock worth $492,000 after acquiring an additional 3,978 shares in the last quarter. Investment Partners Asset Management Inc. raised its holdings in shares of PGIM High Yield Bond Fund by 3.9% in the 1st quarter. Investment Partners Asset Management Inc. now owns 35,100 shares of the company’s stock worth $456,000 after acquiring an additional 1,322 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in PGIM High Yield Bond Fund during the 1st quarter valued at about $2,915,000.

PGIM High Yield Bond Fund Price Performance

Shares of ISD opened at $13.87 on Friday. PGIM High Yield Bond Fund, Inc. has a 52 week low of $10.98 and a 52 week high of $14.16. The stock has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $13.16.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, September 12th. This represents a yield of 9.09%.

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).