Stifel Financial Corp Makes New $675,000 Investment in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Stifel Financial Corp acquired a new stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,436 shares of the company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ISD. International Assets Investment Management LLC raised its position in PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after purchasing an additional 1,625 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of PGIM High Yield Bond Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock valued at $7,015,000 after purchasing an additional 17,288 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of PGIM High Yield Bond Fund in the 2nd quarter worth approximately $258,000. Raymond James & Associates raised its holdings in shares of PGIM High Yield Bond Fund by 4.1% in the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after buying an additional 18,025 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock worth $2,214,000 after buying an additional 13,116 shares during the period.

PGIM High Yield Bond Fund Stock Up 1.0 %

Shares of ISD stock opened at $13.93 on Thursday. The stock’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $13.63. PGIM High Yield Bond Fund, Inc. has a one year low of $12.20 and a one year high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.105 dividend. This represents a dividend yield of 8.87%. The ex-dividend date of this dividend is Thursday, December 12th.

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).