Geneos Wealth Management Inc. Buys 10,470 Shares of PGIM Global High Yield Fund, Inc $GHY

Geneos Wealth Management Inc. raised its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 474.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,678 shares of the company’s stock after purchasing an additional 10,470 shares during the quarter. Geneos Wealth Management Inc.’s holdings in PGIM Global High Yield Fund were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of PGIM Global High Yield Fund by 10.6% in the 1st quarter. LPL Financial LLC now owns 394,569 shares of the company’s stock worth $5,295,000 after acquiring an additional 37,922 shares during the last quarter. RFG Advisory LLC increased its stake in PGIM Global High Yield Fund by 11.1% in the 1st quarter. RFG Advisory LLC now owns 183,672 shares of the company’s stock worth $2,465,000 after buying an additional 18,325 shares during the period. Bank of America Corp DE increased its stake in PGIM Global High Yield Fund by 2.0% in the 4th quarter. Bank of America Corp DE now owns 144,037 shares of the company’s stock worth $1,775,000 after buying an additional 2,801 shares during the period. Summit X LLC increased its position in PGIM Global High Yield Fund by 78.9% during the 1st quarter. Summit X LLC now owns 113,546 shares of the company’s stock valued at $1,524,000 after purchasing an additional 50,082 shares during the period. Finally, Advisor Resource Council purchased a new position in PGIM Global High Yield Fund during the 1st quarter valued at about $1,167,000.

Insider Buying and Selling

In other news, Director Barry H. Evans sold 26,421 shares of PGIM Global High Yield Fund stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $13.36, for a total transaction of $352,984.56. Following the completion of the transaction, the director directly owned 15,632 shares of the company’s stock, valued at $208,843.52. The trade was a 62.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PGIM Global High Yield Fund Stock Up 0.2%

Shares of PGIM Global High Yield Fund stock opened at $13.25 on Wednesday. The firm’s 50 day moving average price is $13.23 and its 200-day moving average price is $13.03. PGIM Global High Yield Fund, Inc has a 52-week low of $11.31 and a 52-week high of $13.74.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.105 per share. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Thursday, November 13th.

PGIM Global High Yield Fund Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.