Capital Investment Advisors LLC Reduces Holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Capital Investment Advisors LLC decreased its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,508 shares of the company’s stock after selling 1,080 shares during the period. Capital Investment Advisors LLC’s holdings in PGIM Global High Yield Fund were worth $413,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GHY. Advisors Asset Management Inc. boosted its position in shares of PGIM Global High Yield Fund by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock worth $10,227,000 after purchasing an additional 20,555 shares during the period. Penserra Capital Management LLC purchased a new position in shares of PGIM Global High Yield Fund during the 3rd quarter worth approximately $4,889,000. Cetera Investment Advisers boosted its position in shares of PGIM Global High Yield Fund by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 264,853 shares of the company’s stock worth $3,146,000 after purchasing an additional 13,415 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of PGIM Global High Yield Fund during the 2nd quarter worth approximately $1,535,000. Finally, Avestar Capital LLC boosted its position in shares of PGIM Global High Yield Fund by 64.3% during the 3rd quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after purchasing an additional 45,000 shares during the period.

PGIM Global High Yield Fund Stock Down 0.2 %

NYSE:GHY opened at $12.68 on Thursday. The company has a 50 day moving average price of $12.70 and a 200 day moving average price of $12.58. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.05 and a fifty-two week high of $13.31.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.105 dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 9.75%.

Insider Buying and Selling at PGIM Global High Yield Fund

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares of the company’s stock, valued at $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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.