Capital Investment Advisors LLC Lowers Holdings in PGIM High Yield Bond Fund, Inc. $ISD

Capital Investment Advisors LLC lowered its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 273,199 shares of the company’s stock after selling 66,060 shares during the period. Capital Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $3,953,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ISD. Strategic Advocates LLC purchased a new position in PGIM High Yield Bond Fund in the 3rd quarter valued at approximately $31,000. David J Yvars Group purchased a new stake in shares of PGIM High Yield Bond Fund during the third quarter worth $157,000. Beacon Pointe Advisors LLC increased its position in shares of PGIM High Yield Bond Fund by 25.6% during the second quarter. Beacon Pointe Advisors LLC now owns 14,772 shares of the company’s stock worth $209,000 after acquiring an additional 3,010 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the first quarter valued at $217,000. Finally, Intellus Advisors LLC boosted its holdings in PGIM High Yield Bond Fund by 37.1% in the third quarter. Intellus Advisors LLC now owns 15,967 shares of the company’s stock valued at $230,000 after purchasing an additional 4,325 shares during the period.

PGIM High Yield Bond Fund Price Performance

ISD opened at $12.61 on Friday. PGIM High Yield Bond Fund, Inc. has a 12 month low of $11.82 and a 12 month high of $14.79. The business has a fifty day moving average price of $14.20 and a 200 day moving average price of $14.38.

PGIM High Yield Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Thursday, May 14th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.