International Assets Investment Management LLC Grows Stock Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

International Assets Investment Management LLC increased its stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 994.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,498 shares of the company’s stock after buying an additional 175,822 shares during the period. International Assets Investment Management LLC’s holdings in PGIM High Yield Bond Fund were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in PGIM High Yield Bond Fund during the third quarter worth about $71,000. Money Concepts Capital Corp acquired a new position in PGIM High Yield Bond Fund during the fourth quarter worth about $71,000. JPMorgan Chase & Co. acquired a new position in PGIM High Yield Bond Fund during the second quarter worth about $99,000. Northwestern Mutual Wealth Management Co. raised its position in PGIM High Yield Bond Fund by 32.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,617 shares of the company’s stock worth $102,000 after acquiring an additional 2,088 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new position in PGIM High Yield Bond Fund during the third quarter worth about $123,000.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD opened at $12.32 on Friday. The company has a 50-day moving average of $12.80 and a two-hundred day moving average of $12.30. PGIM High Yield Bond Fund, Inc. has a 12-month low of $10.98 and a 12-month high of $13.16.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.105 per share. This represents a yield of 9.6%. The ex-dividend date of this dividend was Thursday, March 14th.

PGIM High Yield Bond Fund Profile

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).