Cambridge Investment Research Advisors Inc. Has $2.69 Million Stock Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Cambridge Investment Research Advisors Inc. cut its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,591 shares of the company’s stock after selling 3,851 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PGIM Global High Yield Fund were worth $2,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHY. Thrivent Financial for Lutherans lifted its position in shares of PGIM Global High Yield Fund by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 292,036 shares of the company’s stock worth $3,166,000 after purchasing an additional 2,000 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of PGIM Global High Yield Fund by 21.2% in the first quarter. Guggenheim Capital LLC now owns 368,956 shares of the company’s stock worth $4,047,000 after purchasing an additional 64,554 shares in the last quarter. Summit X LLC lifted its position in shares of PGIM Global High Yield Fund by 88.2% in the first quarter. Summit X LLC now owns 66,419 shares of the company’s stock worth $729,000 after purchasing an additional 31,128 shares in the last quarter. Gator Capital Management LLC bought a new stake in shares of PGIM Global High Yield Fund in the fourth quarter worth $169,000. Finally, Landscape Capital Management L.L.C. raised its position in PGIM Global High Yield Fund by 155.4% during the fourth quarter. Landscape Capital Management L.L.C. now owns 34,822 shares of the company’s stock worth $377,000 after acquiring an additional 21,188 shares in the last quarter.

PGIM Global High Yield Fund Stock Up 1.0 %

NYSE GHY opened at $11.33 on Friday. The firm’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.10. PGIM Global High Yield Fund, Inc has a 1 year low of $10.08 and a 1 year high of $12.14.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 11.12%. The ex-dividend date is Thursday, October 12th.

PGIM Global High Yield Fund 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.