Raymond James & Associates Purchases 113,585 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Raymond James & Associates raised its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 35.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 436,727 shares of the company’s stock after buying an additional 113,585 shares during the quarter. Raymond James & Associates’ holdings in PGIM High Yield Bond Fund were worth $5,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ISD. Clean Yield Group acquired a new stake in shares of PGIM High Yield Bond Fund during the first quarter worth about $26,000. Principal Securities Inc. acquired a new stake in shares of PGIM High Yield Bond Fund during the fourth quarter worth about $33,000. PNC Financial Services Group Inc. raised its position in shares of PGIM High Yield Bond Fund by 210.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,025 shares of the company’s stock worth $124,000 after purchasing an additional 6,800 shares during the period. Nomura Holdings Inc. bought a new position in shares of PGIM High Yield Bond Fund during the fourth quarter worth about $126,000. Finally, Flow State Investments L.P. bought a new position in shares of PGIM High Yield Bond Fund during the fourth quarter worth about $131,000.

PGIM High Yield Bond Fund Trading Down 0.3 %

NYSE:ISD opened at $13.75 on Thursday. PGIM High Yield Bond Fund, Inc. has a 52-week low of $10.98 and a 52-week high of $13.88. The stock has a 50-day simple moving average of $13.30 and a 200 day simple moving average of $12.92.

PGIM High Yield Bond Fund Dividend Announcement

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

PGIM High Yield Bond Fund 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).