PGIM High Yield Bond Fund, Inc. $ISD Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 84.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,526 shares of the company’s stock after purchasing an additional 96,461 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PGIM High Yield Bond Fund were worth $3,046,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ISD. Royal Bank of Canada lifted its stake in shares of PGIM High Yield Bond Fund by 4.5% in 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 during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the 1st quarter worth $217,000. Raymond James Financial Inc. lifted its stake in shares of PGIM High Yield Bond Fund by 7.3% in the 2nd quarter. Raymond James Financial Inc. now owns 758,216 shares of the company’s stock worth $10,744,000 after acquiring an additional 51,614 shares during the period. Jane Street Group LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the 2nd quarter worth $350,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of PGIM High Yield Bond Fund by 16.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 263,469 shares of the company’s stock worth $3,733,000 after acquiring an additional 36,485 shares during the period.

PGIM High Yield Bond Fund Stock Performance

ISD stock opened at $12.92 on Tuesday. PGIM High Yield Bond Fund, Inc. has a one year low of $12.53 and a one year high of $14.79. The company has a fifty day moving average of $13.19 and a 200-day moving average of $14.04.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Thursday, May 14th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Thursday, May 14th.

About PGIM High Yield Bond Fund

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.