Advisors Asset Management Inc. Has $8.85 Million Stake in PGIM Global High Yield Fund, Inc $GHY

Advisors Asset Management Inc. trimmed its stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 659,856 shares of the company’s stock after selling 108,289 shares during the period. Advisors Asset Management Inc.’s holdings in PGIM Global High Yield Fund were worth $8,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WPG Advisers LLC acquired a new stake in shares of PGIM Global High Yield Fund in the 1st quarter valued at $37,000. CWM LLC boosted its position in PGIM Global High Yield Fund by 36.7% in the first quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $61,000 after buying an additional 1,219 shares in the last quarter. Allworth Financial LP acquired a new position in PGIM Global High Yield Fund in the second quarter valued at about $107,000. Geneos Wealth Management Inc. grew its stake in PGIM Global High Yield Fund by 474.2% during the first quarter. Geneos Wealth Management Inc. now owns 12,678 shares of the company’s stock worth $170,000 after buying an additional 10,470 shares during the last quarter. Finally, Evanson Asset Management LLC acquired a new stake in shares of PGIM Global High Yield Fund during the second quarter worth approximately $241,000.

Insiders Place Their Bets

In other news, Director Brian Reid sold 4,706 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.56, for a total transaction of $59,107.36. Following the sale, the director owned 11,130 shares in the company, valued at approximately $139,792.80. This represents a 29.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry H. Evans sold 26,421 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $13.36, for a total value of $352,984.56. Following the completion of the sale, the director owned 15,632 shares of the company’s stock, valued at approximately $208,843.52. This trade represents a 62.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

PGIM Global High Yield Fund Trading Up 0.8%

NYSE:GHY opened at $12.39 on Wednesday. PGIM Global High Yield Fund, Inc has a 1 year low of $11.31 and a 1 year high of $13.74. The firm has a 50 day moving average of $12.65 and a 200-day moving average of $13.02.

PGIM Global High Yield Fund Announces Dividend

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 given a $0.105 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a yield of 10.2%.

PGIM Global High Yield Fund Company 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.