Cetera Investment Advisers Buys 1,851 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Cetera Investment Advisers grew its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,081 shares of the company’s stock after acquiring an additional 1,851 shares during the quarter. Cetera Investment Advisers’ holdings in PGIM High Yield Bond Fund were worth $2,422,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Level Four Advisory Services LLC bought a new position in shares of PGIM High Yield Bond Fund during the fourth quarter valued at $143,000. Beacon Pointe Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund during the fourth quarter valued at $147,000. Intellus Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund during the fourth quarter valued at $157,000. MSH Capital Advisors LLC purchased a new stake in PGIM High Yield Bond Fund during the fourth quarter valued at $248,000. Finally, Concurrent Investment Advisors LLC increased its position in PGIM High Yield Bond Fund by 14.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after acquiring an additional 2,731 shares during the last quarter.

PGIM High Yield Bond Fund Trading Down 0.4%

PGIM High Yield Bond Fund stock opened at $13.88 on Monday. PGIM High Yield Bond Fund, Inc. has a one year low of $11.82 and a one year high of $14.49. The stock has a fifty day moving average of $13.62 and a 200 day moving average of $13.83.

PGIM High Yield Bond Fund Announces Dividend

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

About PGIM High Yield Bond Fund

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).