International Assets Investment Management LLC Acquires 224,263 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

International Assets Investment Management LLC lifted its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 1,294.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,594 shares of the company’s stock after acquiring an additional 224,263 shares during the quarter. International Assets Investment Management LLC’s holdings in PGIM High Yield Bond Fund were worth $3,368,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cetera Advisors LLC boosted its holdings in shares of PGIM High Yield Bond Fund by 5.5% during the 1st quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock valued at $993,000 after acquiring an additional 3,996 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in PGIM High Yield Bond Fund by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after buying an additional 17,288 shares during the period. Cetera Investment Advisers lifted its holdings in PGIM High Yield Bond Fund by 169.3% during the 1st quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock worth $2,063,000 after buying an additional 99,821 shares during the period. Sanctuary Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 2nd quarter worth about $258,000. Finally, Raymond James & Associates lifted its holdings in PGIM High Yield Bond Fund by 4.1% during the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after buying an additional 18,025 shares during the period.

PGIM High Yield Bond Fund Stock Up 0.3 %

Shares of ISD opened at $14.08 on Friday. PGIM High Yield Bond Fund, Inc. has a 12 month low of $11.40 and a 12 month high of $14.16. The stock’s 50-day moving average price is $13.91 and its two-hundred day moving average price is $13.28.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.105 dividend. This represents a yield of 9.09%. The ex-dividend date of this dividend was Thursday, September 12th.

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).