LPL Financial LLC Grows Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

LPL Financial LLC boosted its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 136,420 shares of the company’s stock after acquiring an additional 2,786 shares during the period. LPL Financial LLC’s holdings in PGIM High Yield Bond Fund were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of PGIM High Yield Bond Fund in the 4th quarter valued at about $8,765,000. Commonwealth Equity Services LLC lifted its holdings in PGIM High Yield Bond Fund by 8.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 630,031 shares of the company’s stock worth $8,619,000 after buying an additional 48,558 shares in the last quarter. Stifel Financial Corp purchased a new position in PGIM High Yield Bond Fund in the third quarter valued at about $675,000. SteelPeak Wealth LLC raised its holdings in PGIM High Yield Bond Fund by 7.0% in the fourth quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after acquiring an additional 45,878 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in PGIM High Yield Bond Fund in the third quarter valued at about $322,000.

PGIM High Yield Bond Fund Stock Up 0.7 %

NYSE ISD opened at $12.94 on Wednesday. The company has a 50-day simple moving average of $13.89 and a 200-day simple moving average of $13.89. PGIM High Yield Bond Fund, Inc. has a one year low of $11.82 and a one year high of $14.49.

PGIM High Yield Bond Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.105 per share. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend was Thursday, March 13th.

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).