Intellus Advisors LLC Invests $157,000 in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Intellus Advisors LLC acquired a new stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the fourth quarter, HoldingsChannel reports. The firm acquired 11,497 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp acquired a new position in PGIM High Yield Bond Fund during the 3rd quarter worth about $675,000. Jane Street Group LLC bought a new position in shares of PGIM High Yield Bond Fund during the third quarter worth about $322,000. IHT Wealth Management LLC raised its position in shares of PGIM High Yield Bond Fund by 67.8% during the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PGIM High Yield Bond Fund in the fourth quarter worth approximately $8,765,000. Finally, Commonwealth Equity Services LLC boosted its holdings in PGIM High Yield Bond Fund by 8.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 630,031 shares of the company’s stock valued at $8,619,000 after acquiring an additional 48,558 shares during the last quarter.

PGIM High Yield Bond Fund Price Performance

NYSE:ISD opened at $14.35 on Friday. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $12.21 and a fifty-two week high of $14.49. The company has a 50 day simple moving average of $14.02 and a two-hundred day simple moving average of $13.94.

PGIM High Yield Bond Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.105 per share. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend is Thursday, March 13th.

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).