City of London Investment Management Co. Ltd. Decreases Stake in PGIM Global High Yield Fund, Inc $GHY

City of London Investment Management Co. Ltd. lessened its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 90.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,420 shares of the company’s stock after selling 263,580 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in PGIM Global High Yield Fund were worth $320,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of PGIM Global High Yield Fund by 2.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,344 shares of the company’s stock worth $1,016,000 after buying an additional 1,664 shares in the last quarter. Merit Financial Group LLC grew its stake in PGIM Global High Yield Fund by 14.7% during the 4th quarter. Merit Financial Group LLC now owns 21,214 shares of the company’s stock valued at $262,000 after acquiring an additional 2,712 shares in the last quarter. Jane Street Group LLC raised its holdings in PGIM Global High Yield Fund by 28.6% in the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after acquiring an additional 3,090 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in PGIM Global High Yield Fund by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,770 shares of the company’s stock valued at $894,000 after acquiring an additional 4,018 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in PGIM Global High Yield Fund by 3.5% in the 4th quarter. Principal Securities Inc. now owns 123,127 shares of the company’s stock worth $1,519,000 after purchasing an additional 4,210 shares in the last quarter.

PGIM Global High Yield Fund Stock Performance

Shares of PGIM Global High Yield Fund stock opened at $11.68 on Friday. The stock’s 50 day simple moving average is $11.83 and its 200-day simple moving average is $12.04. PGIM Global High Yield Fund, Inc has a 1-year low of $11.25 and a 1-year high of $13.43.

PGIM Global High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

About PGIM Global High Yield Fund

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.