Shaker Financial Services LLC Invests $372,000 in PGIM High Yield Bond Fund, Inc. $ISD

Shaker Financial Services LLC purchased a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,223 shares of the company’s stock, valued at approximately $372,000.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings in shares of PGIM High Yield Bond Fund by 10.3% in the first quarter. Raymond James Financial Inc. now owns 706,602 shares of the company’s stock worth $10,069,000 after buying an additional 65,922 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of PGIM High Yield Bond Fund in the first quarter worth approximately $3,099,000. Royal Bank of Canada boosted its holdings in shares of PGIM High Yield Bond Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock worth $2,997,000 after buying an additional 8,976 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of PGIM High Yield Bond Fund by 1.0% in the first quarter. Cetera Investment Advisers now owns 178,935 shares of the company’s stock worth $2,550,000 after buying an additional 1,854 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of PGIM High Yield Bond Fund by 1.6% in the first quarter. LPL Financial LLC now owns 138,543 shares of the company’s stock worth $1,974,000 after buying an additional 2,123 shares during the last quarter.

PGIM High Yield Bond Fund Price Performance

ISD opened at $14.46 on Tuesday. The company’s 50 day moving average is $14.47 and its 200 day moving average is $14.14. PGIM High Yield Bond Fund, Inc. has a 12-month low of $11.82 and a 12-month high of $14.70.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

PGIM High Yield Bond Fund 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).