Capital Investment Advisors LLC Has $390,000 Holdings in PGIM Global High Yield Fund, Inc $GHY

Capital Investment Advisors LLC cut its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 6.5% during the second quarter, HoldingsChannel.com reports. The firm owned 29,109 shares of the company’s stock after selling 2,010 shares during the quarter. Capital Investment Advisors LLC’s holdings in PGIM Global High Yield Fund were worth $390,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Evanson Asset Management LLC acquired a new position in PGIM Global High Yield Fund during the 2nd quarter valued at about $241,000. Stolper Co lifted its position in PGIM Global High Yield Fund by 3.2% during the 2nd quarter. Stolper Co now owns 41,892 shares of the company’s stock valued at $562,000 after purchasing an additional 1,286 shares during the period. Geneos Wealth Management Inc. lifted its position in PGIM Global High Yield Fund by 474.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 12,678 shares of the company’s stock valued at $170,000 after purchasing an additional 10,470 shares during the period. Activest Wealth Management lifted its position in PGIM Global High Yield Fund by 108.8% during the 1st quarter. Activest Wealth Management now owns 43,761 shares of the company’s stock valued at $587,000 after purchasing an additional 22,800 shares during the period. Finally, WPG Advisers LLC bought a new position in PGIM Global High Yield Fund during the 1st quarter worth approximately $37,000.

Insiders Place Their Bets

In related news, Director Barry H. Evans sold 26,421 shares of PGIM Global High Yield Fund stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $13.36, for a total transaction of $352,984.56. Following the transaction, the director owned 15,632 shares of the company’s stock, valued at $208,843.52. This trade represents a 62.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PGIM Global High Yield Fund Price Performance

PGIM Global High Yield Fund stock opened at $12.77 on Friday. The company’s 50 day simple moving average is $13.19 and its 200 day simple moving average is $13.02. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.31 and a fifty-two week high of $13.74.

PGIM Global High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a yield of 9.9%.

PGIM Global High Yield Fund Profile

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.