Park Avenue Securities LLC Sells 1,327 Shares of PGIM Global High Yield Fund, Inc $GHY

Park Avenue Securities LLC decreased its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,433 shares of the company’s stock after selling 1,327 shares during the quarter. Park Avenue Securities LLC’s holdings in PGIM Global High Yield Fund were worth $167,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in shares of PGIM Global High Yield Fund by 8.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,947 shares of the company’s stock valued at $147,000 after buying an additional 860 shares in the last quarter. Jane Street Group LLC acquired a new stake in PGIM Global High Yield Fund in the 4th quarter worth approximately $151,000. Atria Wealth Solutions Inc. lifted its holdings in PGIM Global High Yield Fund by 46.7% in the 1st quarter. Atria Wealth Solutions Inc. now owns 32,762 shares of the company’s stock worth $440,000 after purchasing an additional 10,426 shares during the last quarter. LPL Financial LLC lifted its holdings in 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 purchasing an additional 37,922 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in PGIM Global High Yield Fund by 108.8% in the 1st quarter. Activest Wealth Management now owns 43,761 shares of the company’s stock worth $587,000 after purchasing an additional 22,800 shares during the last quarter.

Insider Activity at PGIM Global High Yield Fund

In other news, Director Barry H. Evans sold 26,421 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 in the company, valued at $208,843.52. The trade was a 62.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PGIM Global High Yield Fund Stock Performance

GHY opened at $12.77 on Friday. The business has a 50 day moving average price of $13.19 and a 200 day moving average price of $13.02. PGIM Global High Yield Fund, Inc has a twelve month low of $11.31 and a twelve month high of $13.74.

PGIM Global High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a $0.105 dividend. This represents a c) annualized dividend and a yield of 9.9%. 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.