Raymond James Financial Services Advisors Inc. Sells 2,075 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Raymond James Financial Services Advisors Inc. reduced its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 12.9% in the second quarter, HoldingsChannel reports. The firm owned 14,027 shares of the company’s stock after selling 2,075 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PGIM Global High Yield Fund were worth $154,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Worth Asset Management LLC bought a new stake in PGIM Global High Yield Fund in the second quarter valued at $30,000. Ameriprise Financial Inc. increased its position in PGIM Global High Yield Fund by 18.5% in the 1st quarter. Ameriprise Financial Inc. now owns 403,884 shares of the company’s stock valued at $4,405,000 after buying an additional 63,060 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in PGIM Global High Yield Fund by 3.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 165,090 shares of the company’s stock valued at $1,811,000 after buying an additional 4,904 shares in the last quarter. Jane Street Group LLC bought a new stake in PGIM Global High Yield Fund in the 1st quarter valued at about $111,000. Finally, Belpointe Asset Management LLC increased its position in PGIM Global High Yield Fund by 12.5% in the 1st quarter. Belpointe Asset Management LLC now owns 13,500 shares of the company’s stock valued at $148,000 after buying an additional 1,500 shares in the last quarter.

PGIM Global High Yield Fund Stock Performance

NYSE GHY opened at $10.76 on Tuesday. PGIM Global High Yield Fund, Inc has a 52 week low of $10.24 and a 52 week high of $12.14. The business has a 50 day moving average price of $10.80 and a 200-day moving average price of $10.98.

PGIM Global High Yield Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a dividend yield of 11.22%.

PGIM Global High Yield Fund Company 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.