SteelPeak Wealth LLC Makes New $2.92 Million Investment in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

SteelPeak Wealth LLC acquired a new stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the first quarter, Holdings Channel reports. The fund acquired 224,380 shares of the company’s stock, valued at approximately $2,915,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. grew its stake in PGIM High Yield Bond Fund by 8.8% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 610,498 shares of the company’s stock valued at $7,521,000 after acquiring an additional 49,314 shares during the period. Foundations Investment Advisors LLC grew its stake in PGIM High Yield Bond Fund by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 263,418 shares of the company’s stock valued at $3,345,000 after acquiring an additional 32,032 shares during the period. International Assets Investment Management LLC grew its stake in PGIM High Yield Bond Fund by 994.7% in the fourth quarter. International Assets Investment Management LLC now owns 193,498 shares of the company’s stock valued at $2,384,000 after acquiring an additional 175,822 shares during the period. UBS Group AG grew its stake in PGIM High Yield Bond Fund by 13.4% in the third quarter. UBS Group AG now owns 177,154 shares of the company’s stock valued at $2,087,000 after acquiring an additional 20,956 shares during the period. Finally, Shaker Financial Services LLC grew its stake in PGIM High Yield Bond Fund by 39.1% in the fourth quarter. Shaker Financial Services LLC now owns 143,483 shares of the company’s stock valued at $1,782,000 after acquiring an additional 40,323 shares during the period.

PGIM High Yield Bond Fund Trading Up 0.1 %

PGIM High Yield Bond Fund stock traded up $0.01 during mid-day trading on Friday, reaching $12.88. The stock had a trading volume of 123,997 shares, compared to its average volume of 120,293. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $10.98 and a fifty-two week high of $13.16. The stock’s 50-day simple moving average is $12.66 and its 200-day simple moving average is $12.67.

PGIM High Yield Bond Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 9.91%.

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).