Raymond James Financial Services Advisors Inc. Sells 2,383 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISDGet Rating) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,754 shares of the company’s stock after selling 2,383 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PGIM High Yield Bond Fund were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ISD. SeaCrest Wealth Management LLC bought a new position in shares of PGIM High Yield Bond Fund during the second quarter valued at about $49,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in PGIM High Yield Bond Fund in the 3rd quarter valued at about $59,000. Virtu Financial LLC bought a new position in shares of PGIM High Yield Bond Fund during the 2nd quarter worth approximately $151,000. Commonwealth Equity Services LLC lifted its position in shares of PGIM High Yield Bond Fund by 18.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,972 shares of the company’s stock worth $270,000 after buying an additional 3,489 shares in the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of PGIM High Yield Bond Fund by 13.3% in the 2nd quarter. Landscape Capital Management L.L.C. now owns 23,702 shares of the company’s stock worth $292,000 after buying an additional 2,789 shares during the last quarter.

PGIM High Yield Bond Fund Stock Down 0.5 %

Shares of ISD opened at $12.76 on Friday. The stock has a 50 day moving average of $12.32 and a 200 day moving average of $12.37. PGIM High Yield Bond Fund, Inc. has a 12 month low of $11.22 and a 12 month high of $15.85.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th will be given a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Thursday, February 9th.

Insider Activity

In related news, Director Barry H. Evans sold 15,000 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $11.91, for a total value of $178,650.00. Following the transaction, the director now directly owns 6,887 shares of the company’s stock, valued at approximately $82,024.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Barry H. Evans sold 5,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $11.88, for a total transaction of $59,400.00. Following the completion of the transaction, the director now directly owns 1,887 shares of the company’s stock, valued at approximately $22,417.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry H. Evans sold 15,000 shares of PGIM High Yield Bond Fund stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $11.91, for a total transaction of $178,650.00. Following the completion of the sale, the director now directly owns 6,887 shares in the company, valued at approximately $82,024.17. The disclosure for this sale can be found here.

About PGIM High Yield Bond Fund

(Get Rating)

Prudential Short Duration High Yield 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).

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Institutional Ownership by Quarter for PGIM High Yield Bond Fund (NYSE:ISD)

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