Stifel Financial Corp Sells 7,344 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

Stifel Financial Corp cut its stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 16.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,248 shares of the company’s stock after selling 7,344 shares during the quarter. Stifel Financial Corp’s holdings in PGIM Global High Yield Fund were worth $489,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in PGIM Global High Yield Fund by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after buying an additional 1,050 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in PGIM Global High Yield Fund by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after acquiring an additional 1,221 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of PGIM Global High Yield Fund by 5.2% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after acquiring an additional 1,246 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of PGIM Global High Yield Fund in the third quarter valued at about $36,000. Finally, Activest Wealth Management raised its holdings 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 purchasing an additional 3,961 shares during the last quarter.

Insider Activity

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the transaction, the director now owns 42,053 shares of the company’s stock, valued at approximately $546,268.47. The trade was a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PGIM Global High Yield Fund Stock Performance

PGIM Global High Yield Fund stock opened at $12.53 on Friday. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.05 and a fifty-two week high of $13.11. The firm’s 50-day simple moving average is $12.69 and its 200 day simple moving average is $12.50.

PGIM Global High Yield Fund Dividend Announcement

The firm 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 9.75%. The ex-dividend date is Thursday, December 12th.

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.