Concurrent Investment Advisors LLC Boosts Stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Concurrent Investment Advisors LLC grew its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,808 shares of the company’s stock after buying an additional 2,731 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stifel Financial Corp purchased a new stake in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at $675,000. Jane Street Group LLC bought a new position in PGIM High Yield Bond Fund during the third quarter valued at about $322,000. Raymond James & Associates increased its holdings in PGIM High Yield Bond Fund by 4.1% during the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after buying an additional 18,025 shares during the last quarter. IHT Wealth Management LLC raised its position in PGIM High Yield Bond Fund by 67.8% in the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares during the period. Finally, International Assets Investment Management LLC raised its position in PGIM High Yield Bond Fund by 1,294.0% in the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock worth $3,368,000 after acquiring an additional 224,263 shares during the period.

PGIM High Yield Bond Fund Price Performance

PGIM High Yield Bond Fund stock opened at $14.27 on Wednesday. The firm has a 50 day moving average price of $13.87 and a 200-day moving average price of $13.87. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.20 and a twelve month high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.105 dividend. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 8.87%.

PGIM High Yield Bond Fund Company Profile

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).