Penserra Capital Management LLC Makes New Investment in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Penserra Capital Management LLC bought a new position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 359,217 shares of the company’s stock, valued at approximately $5,007,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SteelPeak Wealth LLC increased its stake in PGIM High Yield Bond Fund by 33.9% during the 3rd quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock worth $9,104,000 after acquiring an additional 165,394 shares during the period. Commonwealth Equity Services LLC increased its position in shares of PGIM High Yield Bond Fund by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock worth $7,015,000 after purchasing an additional 17,288 shares during the period. Raymond James & Associates increased its position in shares of PGIM High Yield Bond Fund by 4.1% in the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after purchasing an additional 18,025 shares during the period. International Assets Investment Management LLC raised its stake in PGIM High Yield Bond Fund by 1,294.0% in the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after purchasing an additional 224,263 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its position in PGIM High Yield Bond Fund by 28.6% during the second quarter. Shaker Financial Services LLC now owns 208,631 shares of the company’s stock worth $2,687,000 after purchasing an additional 46,451 shares during the period.

PGIM High Yield Bond Fund Price Performance

ISD stock opened at $13.88 on Monday. The company’s 50-day moving average price is $13.92 and its two-hundred day moving average price is $13.42. PGIM High Yield Bond Fund, Inc. has a 12 month low of $11.81 and a 12 month high of $14.43.

PGIM High Yield Bond 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 $0.105 dividend. The ex-dividend date was Thursday, September 12th. This represents a yield of 9.09%.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).