Raymond James & Associates Has $807,000 Stake in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Raymond James & Associates lifted its position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 70,996 shares of the company’s stock after purchasing an additional 1,234 shares during the period. Raymond James & Associates’ holdings in PGIM Global High Yield Fund were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GHY. Stolper Co increased its stake in shares of PGIM Global High Yield Fund by 5.6% in the fourth quarter. Stolper Co now owns 35,799 shares of the company’s stock valued at $407,000 after buying an additional 1,895 shares during the period. Advisor Resource Council acquired a new position in PGIM Global High Yield Fund during the 4th quarter worth approximately $976,000. OLD National Bancorp IN bought a new stake in shares of PGIM Global High Yield Fund during the third quarter valued at approximately $159,000. Penserra Capital Management LLC raised its position in shares of PGIM Global High Yield Fund by 4.7% during the third quarter. Penserra Capital Management LLC now owns 997,825 shares of the company’s stock worth $10,756,000 after purchasing an additional 44,744 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in PGIM Global High Yield Fund by 18.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 546,693 shares of the company’s stock valued at $5,893,000 after purchasing an additional 85,252 shares during the last quarter.

PGIM Global High Yield Fund Stock Performance

Shares of NYSE:GHY opened at $11.37 on Tuesday. The stock’s fifty day simple moving average is $11.62 and its two-hundred day simple moving average is $11.29. PGIM Global High Yield Fund, Inc has a 1-year low of $10.24 and a 1-year high of $12.01.

PGIM Global High Yield Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.105 dividend. This represents a yield of 10.75%. The ex-dividend date was Thursday, March 14th.

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.