Clay Northam Wealth Management LLC Makes New $131,000 Investment in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Clay Northam Wealth Management LLC acquired a new stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,661 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new stake in PGIM Global High Yield Fund during the third quarter valued at about $36,000. Advisor Resource Council bought a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at about $136,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at about $179,000. Activest Wealth Management grew its position in PGIM Global High Yield Fund by 23.3% during the 3rd quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after acquiring an additional 3,961 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in PGIM Global High Yield Fund by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares during the period.

PGIM Global High Yield Fund Trading Up 0.5 %

Shares of GHY stock opened at $13.04 on Tuesday. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.11 and a fifty-two week high of $13.45. The stock has a 50 day moving average price of $12.77 and a two-hundred day moving average price of $12.65.

PGIM Global High Yield Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.105 per share. 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 company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction 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 represents a 49.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.