Cetera Investment Advisers Purchases 1,854 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Cetera Investment Advisers boosted its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,935 shares of the company’s stock after purchasing an additional 1,854 shares during the quarter. Cetera Investment Advisers’ holdings in PGIM High Yield Bond Fund were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Summit X LLC purchased a new position in PGIM High Yield Bond Fund during the 1st quarter valued at about $194,000. Concurrent Investment Advisors LLC grew its holdings in PGIM High Yield Bond Fund by 4.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 22,696 shares of the company’s stock valued at $323,000 after buying an additional 888 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in PGIM High Yield Bond Fund by 5.5% during the 1st quarter. Aviance Capital Partners LLC now owns 52,712 shares of the company’s stock valued at $751,000 after buying an additional 2,734 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in PGIM High Yield Bond Fund during the 1st quarter valued at about $228,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in PGIM High Yield Bond Fund during the 1st quarter valued at about $896,000.

PGIM High Yield Bond Fund Stock Up 0.2%

ISD stock opened at $14.47 on Thursday. PGIM High Yield Bond Fund, Inc. has a twelve month low of $11.82 and a twelve month high of $14.49. The stock has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $13.87.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a dividend of $0.105 per share. This represents a yield of 887.0%. The ex-dividend date of this dividend was Thursday, July 10th.

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).