Avestar Capital LLC Buys 45,000 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Avestar Capital LLC grew its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 64.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,940 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. Avestar Capital LLC’s holdings in PGIM Global High Yield Fund were worth $1,469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Advisors Asset Management Inc. raised its stake in PGIM Global High Yield Fund by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock worth $10,227,000 after buying an additional 20,555 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of PGIM Global High Yield Fund in the 3rd quarter valued at $4,889,000. Cetera Investment Advisers raised its position in shares of PGIM Global High Yield Fund by 5.3% in the 2nd quarter. Cetera Investment Advisers now owns 264,853 shares of the company’s stock worth $3,146,000 after acquiring an additional 13,415 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of PGIM Global High Yield Fund by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of PGIM Global High Yield Fund by 9.0% during the 2nd quarter. Shaker Financial Services LLC now owns 193,465 shares of the company’s stock worth $2,298,000 after purchasing an additional 15,964 shares during the last quarter.

PGIM Global High Yield Fund Trading Down 0.5 %

GHY opened at $12.84 on Tuesday. The business’s 50-day moving average is $12.68 and its two-hundred day moving average is $12.35. PGIM Global High Yield Fund, Inc has a 1 year low of $10.86 and a 1 year high of $13.11.

PGIM Global High Yield Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 10.08%.

About PGIM Global High Yield Fund

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.