PGIM Global High Yield Fund, Inc (NYSE:GHY) Stock Position Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,899 shares of the company’s stock after buying an additional 1,221 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PGIM Global High Yield Fund were worth $2,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHY. Stolper Co boosted its stake in PGIM Global High Yield Fund by 15.0% during the 1st quarter. Stolper Co now owns 41,186 shares of the company’s stock valued at $493,000 after purchasing an additional 5,387 shares in the last quarter. Cetera Investment Advisers lifted its holdings in PGIM Global High Yield Fund by 313.6% in the 1st quarter. Cetera Investment Advisers now owns 251,438 shares of the company’s stock valued at $3,007,000 after acquiring an additional 190,648 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PGIM Global High Yield Fund during the 1st quarter valued at about $33,000. Spire Wealth Management grew its stake in shares of PGIM Global High Yield Fund by 50.6% in the 4th quarter. Spire Wealth Management now owns 13,682 shares of the company’s stock worth $153,000 after purchasing an additional 4,595 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of PGIM Global High Yield Fund by 6.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 21,637 shares of the company’s stock worth $247,000 after purchasing an additional 1,245 shares in the last quarter.

PGIM Global High Yield Fund Stock Performance

Shares of NYSE:GHY opened at $12.66 on Friday. PGIM Global High Yield Fund, Inc has a 1-year low of $10.24 and a 1-year high of $12.67. The company has a 50 day moving average price of $12.31 and a 200 day moving average price of $11.90.

PGIM Global High Yield Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.105 dividend. This represents a dividend yield of 10.55%. The ex-dividend date was Thursday, June 13th.

Insider Buying and Selling

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 3,747 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $12.47, for a total value of $46,725.09. Following the completion of the transaction, the director now directly owns 83,938 shares in the company, valued at $1,046,706.86. The sale was disclosed in a filing with the SEC, which is accessible through this link.

PGIM Global High Yield Fund 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.