Aviance Capital Partners LLC Acquires 7,358 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Aviance Capital Partners LLC grew its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,978 shares of the company’s stock after acquiring an additional 7,358 shares during the quarter. Aviance Capital Partners LLC’s holdings in PGIM High Yield Bond Fund were worth $684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of PGIM High Yield Bond Fund in the third quarter valued at $675,000. Jane Street Group LLC purchased a new stake in shares of PGIM High Yield Bond Fund in the third quarter valued at $322,000. IHT Wealth Management LLC raised its stake in shares of PGIM High Yield Bond Fund by 67.8% in the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after acquiring an additional 7,240 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of PGIM High Yield Bond Fund by 14.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after acquiring an additional 2,731 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of PGIM High Yield Bond Fund by 7.0% in the fourth quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after acquiring an additional 45,878 shares during the period.

PGIM High Yield Bond Fund Price Performance

Shares of ISD opened at $14.08 on Friday. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.20 and a twelve month high of $14.49. The company’s fifty day simple moving average is $13.96 and its 200-day simple moving average is $13.92.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 8.95%. The ex-dividend date of this dividend is Thursday, May 15th.

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).