Wolverine Asset Management LLC Takes Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Wolverine Asset Management LLC purchased a new stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the 4th quarter, HoldingsChannel reports. The firm purchased 6,663 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of PGIM High Yield Bond Fund by 18.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 414,433 shares of the company’s stock valued at $4,882,000 after acquiring an additional 63,814 shares during the last quarter. Raymond James & Associates raised its position in shares of PGIM High Yield Bond Fund by 3.3% in the third quarter. Raymond James & Associates now owns 292,297 shares of the company’s stock valued at $3,443,000 after purchasing an additional 9,460 shares during the period. Advisor Partners II LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the third quarter worth $2,475,000. Private Advisor Group LLC boosted its holdings in shares of PGIM High Yield Bond Fund by 20.0% during the 3rd quarter. Private Advisor Group LLC now owns 196,573 shares of the company’s stock worth $2,316,000 after buying an additional 32,791 shares during the period. Finally, International Assets Investment Management LLC grew its stake in PGIM High Yield Bond Fund by 994.7% in the 4th quarter. International Assets Investment Management LLC now owns 193,498 shares of the company’s stock valued at $2,384,000 after buying an additional 175,822 shares during the last quarter.

PGIM High Yield Bond Fund Stock Up 1.0 %

Shares of NYSE:ISD opened at $12.48 on Monday. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $12.35. PGIM High Yield Bond Fund, Inc. has a 52-week low of $10.98 and a 52-week high of $13.16.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.105 dividend. This represents a yield of 9.6%. The ex-dividend date was Thursday, March 14th.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody's Investors Service, Inc or BB+ or lower by Standard & Poor's Ratings Services).