City of London Investment Management Co. Ltd. Sells 335,781 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

City of London Investment Management Co. Ltd. cut its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 63.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,950 shares of the company’s stock after selling 335,781 shares during the period. City of London Investment Management Co. Ltd.’s holdings in PGIM High Yield Bond Fund were worth $2,511,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clean Yield Group bought a new position in shares of PGIM High Yield Bond Fund during the 1st quarter worth about $26,000. Principal Securities Inc. bought a new stake in shares of PGIM High Yield Bond Fund in the 4th quarter valued at approximately $33,000. PNC Financial Services Group Inc. raised its holdings in shares of PGIM High Yield Bond Fund by 210.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock worth $124,000 after buying an additional 6,800 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of PGIM High Yield Bond Fund during the 4th quarter worth approximately $126,000. Finally, Flow State Investments L.P. acquired a new stake in PGIM High Yield Bond Fund in the 4th quarter valued at $131,000.

PGIM High Yield Bond Fund Stock Performance

Shares of NYSE:ISD opened at $13.65 on Monday. The company’s fifty day moving average is $13.52 and its 200-day moving average is $13.02. PGIM High Yield Bond Fund, Inc. has a 52 week low of $10.98 and a 52 week high of $13.98.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.105 dividend. This represents a dividend yield of 9.09%. The ex-dividend date of this dividend is Thursday, September 12th.

PGIM High Yield Bond Fund Company 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).