Commonwealth Equity Services LLC Acquires 30,234 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Commonwealth Equity Services LLC lifted its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY – Get Rating) by 73.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,187 shares of the company’s stock after acquiring an additional 30,234 shares during the period. Commonwealth Equity Services LLC’s holdings in PGIM Global High Yield Fund were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Shaker Financial Services LLC purchased a new position in shares of PGIM Global High Yield Fund in the fourth quarter worth $577,000. Wolverine Asset Management LLC purchased a new position in shares of PGIM Global High Yield Fund in the fourth quarter worth $1,051,000. CWM LLC increased its holdings in shares of PGIM Global High Yield Fund by 59.8% in the fourth quarter. CWM LLC now owns 2,867 shares of the company’s stock worth $31,000 after purchasing an additional 1,073 shares during the last quarter. Melfa Wealth Management LLC bought a new stake in shares of PGIM Global High Yield Fund in the fourth quarter worth about $512,000. Finally, GraniteShares Advisors LLC increased its holdings in shares of PGIM Global High Yield Fund by 8.3% in the fourth quarter. GraniteShares Advisors LLC now owns 205,154 shares of the company’s stock worth $2,224,000 after purchasing an additional 15,697 shares during the last quarter.

PGIM Global High Yield Fund Stock Down 1.2 %

Shares of GHY stock opened at $10.77 on Wednesday. The stock’s 50-day moving average price is $10.91 and its 200-day moving average price is $11.17. PGIM Global High Yield Fund, Inc has a 12-month low of $10.08 and a 12-month high of $12.68.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be issued a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date is Thursday, May 11th.

Insider Activity at PGIM Global High Yield Fund

In other PGIM Global High Yield Fund news, Director Brian Reid bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was purchased at an average cost of $10.99 per share, with a total value of $43,960.00. Following the completion of the acquisition, the director now owns 11,500 shares in the company, valued at approximately $126,385. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

About PGIM Global High Yield Fund

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PGIM Global High Yield Fund, Inc is a mutual fund-closed end investment company. Its portfolio invests in industries such as technology, telecom, cable, capital goods, media, healthcare, food, gaming, metals, and automotive. The company was founded on July 23, 2012 and is headquartered in Newark, NJ.