Summit X LLC Sells 1,151 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Summit X LLC lessened its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,464 shares of the company’s stock after selling 1,151 shares during the quarter. Summit X LLC’s holdings in PGIM Global High Yield Fund were worth $782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GHY. Advisors Asset Management Inc. boosted its position in shares of PGIM Global High Yield Fund by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after acquiring an additional 20,555 shares during the period. Activest Wealth Management boosted its position in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after acquiring an additional 3,961 shares during the period. Penserra Capital Management LLC bought a new position in shares of PGIM Global High Yield Fund in the third quarter valued at approximately $4,889,000. Avestar Capital LLC boosted its position in shares of PGIM Global High Yield Fund by 64.3% in the third quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock valued at $1,469,000 after acquiring an additional 45,000 shares during the period. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of PGIM Global High Yield Fund in the third quarter valued at approximately $179,000.

PGIM Global High Yield Fund Stock Performance

GHY stock opened at $13.18 on Wednesday. The firm has a 50 day moving average of $13.06 and a 200-day moving average of $12.81. PGIM Global High Yield Fund, Inc has a 12 month low of $11.11 and a 12 month high of $13.54.

PGIM Global High Yield Fund Dividend Announcement

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 $0.105 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 9.55%.

PGIM Global High Yield Fund Company Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.