PGIM High Yield Bond Fund (NYSE:ISD) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.88 and traded as low as $13.73. PGIM High Yield Bond Fund shares last traded at $13.90, with a volume of 102,735 shares trading hands.

PGIM High Yield Bond Fund Price Performance

The stock’s 50 day simple moving average is $13.87 and its 200-day simple moving average is $13.71.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.105 dividend. This represents a yield of 8.87%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several institutional investors have recently bought and sold shares of ISD. FSA Wealth Management LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $68,000. IHT Wealth Management LLC lifted its holdings in PGIM High Yield Bond Fund by 67.8% in the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after purchasing an additional 7,240 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in PGIM High Yield Bond Fund during the second quarter worth approximately $258,000. Jane Street Group LLC acquired a new position in PGIM High Yield Bond Fund during the third quarter valued at approximately $322,000. Finally, Activest Wealth Management raised its position in shares of PGIM High Yield Bond Fund by 167.6% in the third quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock valued at $652,000 after purchasing an additional 29,314 shares during the period.

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).