Principal Securities Inc. Boosts Stake in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Principal Securities Inc. increased its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,732 shares of the company’s stock after purchasing an additional 5,656 shares during the quarter. Principal Securities Inc.’s holdings in PGIM Global High Yield Fund were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Clay Northam Wealth Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter worth about $131,000. Advisor Resource Council purchased a new stake in PGIM Global High Yield Fund in the third quarter worth about $136,000. Apollon Wealth Management LLC bought a new position in shares of PGIM Global High Yield Fund during the fourth quarter valued at approximately $168,000. Pine Valley Investments Ltd Liability Co purchased a new position in shares of PGIM Global High Yield Fund during the third quarter valued at approximately $179,000. Finally, Activest Wealth Management boosted its position in shares of PGIM Global High Yield Fund by 23.3% in the 3rd quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after purchasing an additional 3,961 shares in the last quarter.

Insider Buying and Selling

In other news, Director Barry H. Evans sold 41,885 shares of the company’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 transaction, the director now owns 42,053 shares in the company, valued at approximately $546,268.47. This represents a 49.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

PGIM Global High Yield Fund Stock Up 0.4 %

GHY stock opened at $13.19 on Wednesday. The business has a 50 day moving average of $12.87 and a 200 day moving average of $12.72. PGIM Global High Yield Fund, Inc has a twelve month low of $11.11 and a twelve month high of $13.54.

PGIM Global High Yield Fund Dividend Announcement

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