Baird Financial Group Inc. Sells 37,063 Shares of PGIM High Yield Bond Fund, Inc. $ISD

Baird Financial Group Inc. cut its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 48.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,553 shares of the company’s stock after selling 37,063 shares during the period. Baird Financial Group Inc.’s holdings in PGIM High Yield Bond Fund were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ISD. Ameriprise Financial Inc. lifted its stake in PGIM High Yield Bond Fund by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock worth $2,995,000 after purchasing an additional 1,909 shares during the last quarter. Bank of America Corp DE raised its stake in shares of PGIM High Yield Bond Fund by 11.9% during the fourth quarter. Bank of America Corp DE now owns 441,238 shares of the company’s stock valued at $6,036,000 after acquiring an additional 47,009 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of PGIM High Yield Bond Fund by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 177,081 shares of the company’s stock valued at $2,422,000 after acquiring an additional 1,851 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of PGIM High Yield Bond Fund during the first quarter valued at about $896,000. Finally, Summit Trail Advisors LLC bought a new position in shares of PGIM High Yield Bond Fund during the first quarter valued at about $228,000.

PGIM High Yield Bond Fund Stock Down 0.2%

Shares of NYSE:ISD opened at $14.59 on Thursday. The company has a 50-day moving average price of $14.37 and a 200-day moving average price of $13.96. PGIM High Yield Bond Fund, Inc. has a 12 month low of $11.82 and a 12 month high of $14.68.

PGIM High Yield Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.105 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Thursday, November 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).