Cetera Investment Advisers Raises Stock Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Cetera Investment Advisers lifted its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 177,081 shares of the company’s stock after buying an additional 1,851 shares during the quarter. Cetera Investment Advisers’ holdings in PGIM High Yield Bond Fund were worth $2,422,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of PGIM High Yield Bond Fund by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 218,949 shares of the company’s stock worth $2,995,000 after acquiring an additional 1,909 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of PGIM High Yield Bond Fund by 14.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock worth $298,000 after acquiring an additional 2,731 shares during the period. LPL Financial LLC boosted its stake in shares of PGIM High Yield Bond Fund by 2.1% in the fourth quarter. LPL Financial LLC now owns 136,420 shares of the company’s stock worth $1,866,000 after acquiring an additional 2,786 shares during the period. Modern Wealth Management LLC boosted its stake in shares of PGIM High Yield Bond Fund by 12.6% in the fourth quarter. Modern Wealth Management LLC now owns 43,259 shares of the company’s stock worth $609,000 after acquiring an additional 4,826 shares during the period. Finally, Aviance Capital Partners LLC boosted its stake in shares of PGIM High Yield Bond Fund by 17.3% in the fourth quarter. Aviance Capital Partners LLC now owns 49,978 shares of the company’s stock worth $684,000 after acquiring an additional 7,358 shares during the period.

PGIM High Yield Bond Fund Stock Down 0.4%

NYSE ISD opened at $13.88 on Monday. The business has a 50-day moving average price of $13.62 and a 200-day moving average price of $13.83. PGIM High Yield Bond Fund, Inc. has a twelve month low of $11.82 and a twelve month high of $14.49.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.105 dividend. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend was Thursday, March 13th.

PGIM High Yield Bond Fund Profile

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).