Oppenheimer & Co. Inc. Buys 1,023 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Oppenheimer & Co. Inc. lifted its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHYGet Rating) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,384 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in PGIM Global High Yield Fund were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of PGIM Global High Yield Fund by 55.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,812 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. Gator Capital Management LLC acquired a new stake in PGIM Global High Yield Fund during the 2nd quarter worth approximately $133,000. Atria Wealth Solutions Inc. acquired a new stake in PGIM Global High Yield Fund during the 1st quarter worth approximately $177,000. Wolverine Asset Management LLC acquired a new stake in PGIM Global High Yield Fund during the 1st quarter worth approximately $232,000. Finally, Merit Financial Group LLC acquired a new stake in PGIM Global High Yield Fund during the 2nd quarter worth approximately $200,000.

PGIM Global High Yield Fund Trading Up 0.4 %

NYSE:GHY opened at $10.99 on Friday. The firm’s 50 day simple moving average is $10.75 and its 200 day simple moving average is $11.46. PGIM Global High Yield Fund, Inc has a one year low of $10.08 and a one year high of $15.59.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, November 10th will be given a dividend of $0.105 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.26 annualized dividend and a yield of 11.46%.

Insider Buying and Selling

In other PGIM Global High Yield Fund news, Director Barry H. Evans bought 10,062 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average cost of $10.61 per share, for a total transaction of $106,757.82. Following the transaction, the director now directly owns 79,759 shares in the company, valued at $846,242.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Barry H. Evans purchased 12,538 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were purchased at an average price of $10.61 per share, for a total transaction of $133,028.18. Following the transaction, the director now owns 69,697 shares of the company’s stock, valued at $739,485.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Barry H. Evans purchased 10,062 shares of the company’s stock in a transaction dated Monday, October 31st. The stock was purchased at an average price of $10.61 per share, for a total transaction of $106,757.82. Following the transaction, the director now directly owns 79,759 shares in the company, valued at approximately $846,242.99. The disclosure for this purchase can be found here.

PGIM Global High Yield Fund Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for PGIM Global High Yield Fund (NYSE:GHY)

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