PGIM High Yield Bond Fund, Inc. $ISD Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC trimmed its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 19.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its position in shares of PGIM High Yield Bond Fund by 4.5% during the 1st quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock worth $2,997,000 after acquiring an additional 8,976 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in PGIM High Yield Bond Fund in the first quarter valued at approximately $217,000. Cetera Investment Advisers increased its stake in PGIM High Yield Bond Fund by 0.5% in the second quarter. Cetera Investment Advisers now owns 179,897 shares of the company’s stock valued at $2,549,000 after purchasing an additional 962 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in PGIM High Yield Bond Fund by 3.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 87,925 shares of the company’s stock valued at $1,246,000 after purchasing an additional 2,531 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in 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 purchasing an additional 3,010 shares in the last quarter.

PGIM High Yield Bond Fund Stock Performance

Shares of NYSE:ISD opened at $12.61 on Friday. The firm has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $14.38. PGIM High Yield Bond Fund, Inc. has a twelve month low of $11.82 and a twelve month high of $14.79.

PGIM High Yield Bond Fund Announces Dividend

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