PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,440 shares of the company’s stock after purchasing an additional 1,326 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PGIM High Yield Bond Fund were worth $1,447,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cetera Advisors LLC increased its holdings in PGIM High Yield Bond Fund by 2.4% in the 4th quarter. Cetera Advisors LLC now owns 60,894 shares of the company’s stock valued at $723,000 after purchasing an additional 1,407 shares in the last quarter. Stolper Co increased its holdings in PGIM High Yield Bond Fund by 4.7% in the 4th quarter. Stolper Co now owns 33,918 shares of the company’s stock valued at $418,000 after purchasing an additional 1,524 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in PGIM High Yield Bond Fund by 32.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,617 shares of the company’s stock valued at $102,000 after purchasing an additional 2,088 shares in the last quarter. Baird Financial Group Inc. increased its holdings in PGIM High Yield Bond Fund by 1.0% in the 4th quarter. Baird Financial Group Inc. now owns 213,971 shares of the company’s stock valued at $2,540,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in PGIM High Yield Bond Fund by 8.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 44,476 shares of the company’s stock valued at $513,000 after buying an additional 3,280 shares during the last quarter.

PGIM High Yield Bond Fund Price Performance

NYSE:ISD opened at $12.45 on Friday. The firm has a 50-day moving average of $12.84 and a two-hundred day moving average of $12.29. PGIM High Yield Bond Fund, Inc. has a 1-year low of $10.98 and a 1-year high of $13.16.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.105 dividend. The ex-dividend date was Thursday, March 14th. This represents a yield of 9.6%.

About PGIM High Yield Bond Fund

PGIM High Yield Bond 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).