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

Sanctuary Advisors LLC lessened its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,952 shares of the company’s stock after selling 3,197 shares during the quarter. Sanctuary Advisors LLC’s holdings in PGIM Global High Yield Fund were worth $606,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in PGIM Global High Yield Fund in the 3rd quarter valued at $36,000. Advisor Resource Council bought a new stake in PGIM Global High Yield Fund in the 3rd quarter worth approximately $136,000. Pine Valley Investments Ltd Liability Co bought a new stake in PGIM Global High Yield Fund in the third quarter worth $179,000. Activest Wealth Management lifted its position in PGIM Global High Yield Fund by 23.3% during the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of PGIM Global High Yield Fund by 4.8% in the 2nd 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 in the last quarter.

Insider Buying and Selling at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares in the company, valued at $546,268.47. The trade was a 49.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

PGIM Global High Yield Fund Trading Up 0.2 %

GHY opened at $12.63 on Wednesday. The stock has a 50-day moving average of $12.69 and a 200 day moving average of $12.50. PGIM Global High Yield Fund, Inc has a 12 month low of $11.05 and a 12 month high of $13.11.

PGIM Global High Yield Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.105 per share. This represents a yield of 9.75%. The ex-dividend date is Thursday, December 12th.

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.