Raymond James & Associates Grows Stock Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Raymond James & Associates grew its position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,996 shares of the company’s stock after purchasing an additional 1,234 shares during the period. Raymond James & Associates’ holdings in PGIM Global High Yield Fund were worth $807,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of PGIM Global High Yield Fund by 31.7% in the third quarter. Lazard Asset Management LLC now owns 91,297 shares of the company’s stock worth $984,000 after buying an additional 22,000 shares during the last quarter. OLD National Bancorp IN acquired a new position in PGIM Global High Yield Fund in the third quarter valued at approximately $159,000. Shaker Financial Services LLC grew its holdings in shares of PGIM Global High Yield Fund by 39.6% during the third quarter. Shaker Financial Services LLC now owns 97,857 shares of the company’s stock valued at $1,055,000 after purchasing an additional 27,746 shares during the last quarter. Stolper Co raised its position in shares of PGIM Global High Yield Fund by 5.6% during the 4th quarter. Stolper Co now owns 35,799 shares of the company’s stock worth $407,000 after purchasing an additional 1,895 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of PGIM Global High Yield Fund by 18.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 546,693 shares of the company’s stock worth $5,893,000 after purchasing an additional 85,252 shares during the last quarter.

PGIM Global High Yield Fund Stock Performance

Shares of GHY opened at $11.37 on Tuesday. The stock has a fifty day moving average price of $11.62 and a 200 day moving average price of $11.29. PGIM Global High Yield Fund, Inc has a 12 month low of $10.24 and a 12 month high of $12.01.

PGIM Global High Yield Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.105 per share. This represents a yield of 10.75%. The ex-dividend date was Thursday, March 14th.

About PGIM Global High Yield Fund

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.