Penserra Capital Management LLC Makes New Investment in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Penserra Capital Management LLC acquired a new stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 382,569 shares of the company’s stock, valued at approximately $4,889,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in PGIM Global High Yield Fund in the 3rd quarter valued at $36,000. Advisor Resource Council acquired a new position in PGIM Global High Yield Fund during the third quarter worth $136,000. Activest Wealth Management lifted its stake 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 buying an additional 3,961 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 valued at $274,000 after buying an additional 1,050 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of PGIM Global High Yield Fund by 5.2% during the third 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.

PGIM Global High Yield Fund Stock Performance

GHY opened at $12.90 on Monday. PGIM Global High Yield Fund, Inc has a fifty-two week low of $10.86 and a fifty-two week high of $13.11. The company’s 50-day moving average is $12.67 and its 200 day moving average is $12.34.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.105 dividend. This represents a dividend yield of 10.08%. The ex-dividend date of this dividend was Thursday, September 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.