Stolper Co Sells 1,162 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Stolper Co decreased its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,134 shares of the company’s stock after selling 1,162 shares during the period. Stolper Co’s holdings in PGIM Global High Yield Fund were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GHY. Future Financial Wealth Managment LLC acquired a new stake in shares of PGIM Global High Yield Fund during the third quarter worth $36,000. Advisor Resource Council bought a new position in PGIM Global High Yield Fund during the third quarter worth about $136,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of PGIM Global High Yield Fund during the 3rd quarter worth about $179,000. Activest Wealth Management grew its position in shares of PGIM Global High Yield Fund by 23.3% during the 3rd quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after buying an additional 3,961 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of PGIM Global High Yield Fund by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after acquiring an additional 1,050 shares during the last quarter.

PGIM Global High Yield Fund Price Performance

PGIM Global High Yield Fund stock opened at $12.68 on Thursday. The company’s 50 day simple moving average is $12.70 and its 200 day simple moving average is $12.58. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.05 and a fifty-two week high of $13.31.

PGIM Global High Yield Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 9.75%.

Insider Activity

In related news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the sale, the director now owns 42,053 shares of the company’s stock, valued at approximately $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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.