Raymond James Financial Services Advisors Inc. Sells 3,100 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Raymond James Financial Services Advisors Inc. trimmed its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 22.3% during the fourth quarter, Holdings Channel reports. The firm owned 10,807 shares of the company’s stock after selling 3,100 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PGIM Global High Yield Fund were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GHY. Spire Wealth Management bought a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at about $98,000. OLD National Bancorp IN bought a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at about $159,000. Stolper Co raised its holdings in shares of PGIM Global High Yield Fund by 5.6% in the 4th quarter. Stolper Co now owns 35,799 shares of the company’s stock valued at $407,000 after purchasing an additional 1,895 shares during the period. Raymond James & Associates grew its stake in PGIM Global High Yield Fund by 1.8% in the 4th quarter. Raymond James & Associates now owns 70,996 shares of the company’s stock valued at $807,000 after buying an additional 1,234 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in PGIM Global High Yield Fund in the 4th quarter valued at about $976,000.

PGIM Global High Yield Fund Trading Down 0.4 %

Shares of GHY opened at $11.38 on Friday. PGIM Global High Yield Fund, Inc has a 52 week low of $10.24 and a 52 week high of $12.01. The firm’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $11.29.

PGIM Global High Yield Fund Dividend Announcement

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

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.