PGIM High Yield Bond Fund, Inc. $ISD Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC raised its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,025 shares of the company’s stock after purchasing an additional 890 shares during the quarter. Modern Wealth Management LLC’s holdings in PGIM High Yield Bond Fund were worth $613,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Summit X LLC purchased a new position in PGIM High Yield Bond Fund in the 1st quarter valued at about $194,000. Integrated Wealth Concepts LLC purchased a new position in PGIM High Yield Bond Fund in the 1st quarter valued at approximately $217,000. Summit Trail Advisors LLC purchased a new position in PGIM High Yield Bond Fund in the 1st quarter valued at approximately $228,000. Concurrent Investment Advisors LLC lifted its position in shares of 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 worth $323,000 after purchasing an additional 888 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in PGIM High Yield Bond Fund during the 1st quarter worth $387,000.

PGIM High Yield Bond Fund Stock Performance

NYSE ISD opened at $14.53 on Monday. PGIM High Yield Bond Fund, Inc. has a one year low of $11.82 and a one year high of $14.68. The firm’s fifty day moving average is $14.38 and its two-hundred day moving average is $13.96.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

PGIM High Yield Bond Fund 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).