Robinson Capital Management LLC Has $1.86 Million Holdings in PGIM High Yield Bond Fund Inc (NYSE:ISD)

Robinson Capital Management LLC raised its position in PGIM High Yield Bond Fund Inc (NYSE:ISD) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,568 shares of the company’s stock after buying an additional 11,000 shares during the period. Robinson Capital Management LLC’s holdings in PGIM High Yield Bond Fund were worth $1,857,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fiera Capital Corp boosted its position in PGIM High Yield Bond Fund by 6.4% in the second quarter. Fiera Capital Corp now owns 14,347 shares of the company’s stock valued at $210,000 after buying an additional 868 shares in the last quarter. Wiley BROS. Aintree Capital LLC lifted its position in shares of PGIM High Yield Bond Fund by 7.3% during the third quarter. Wiley BROS. Aintree Capital LLC now owns 12,990 shares of the company’s stock worth $184,000 after purchasing an additional 888 shares in the last quarter. Aviance Capital Partners LLC lifted its position in shares of PGIM High Yield Bond Fund by 3.4% during the second quarter. Aviance Capital Partners LLC now owns 35,690 shares of the company’s stock worth $522,000 after purchasing an additional 1,189 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of PGIM High Yield Bond Fund by 21.7% during the second quarter. Optimum Investment Advisors now owns 7,000 shares of the company’s stock worth $102,000 after purchasing an additional 1,250 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of PGIM High Yield Bond Fund by 1.9% during the second quarter. LPL Financial LLC now owns 67,521 shares of the company’s stock worth $988,000 after purchasing an additional 1,253 shares in the last quarter.

Shares of ISD stock traded up $0.01 during trading hours on Monday, reaching $14.81. 22,260 shares of the company were exchanged, compared to its average volume of 124,914. PGIM High Yield Bond Fund Inc has a fifty-two week low of $12.63 and a fifty-two week high of $14.98. The stock’s fifty day moving average is $14.62 and its two-hundred day moving average is $14.47.

The business also recently announced a — dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 8.3%.

About PGIM High Yield Bond Fund

Prudential Short Duration High Yield 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).

Further Reading: Basic Economics

Institutional Ownership by Quarter for PGIM High Yield Bond Fund (NYSE:ISD)

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