SteelPeak Wealth LLC Invests $2.92 Million in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

SteelPeak Wealth LLC purchased a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 224,380 shares of the company’s stock, valued at approximately $2,915,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Investment Partners Asset Management Inc. increased its stake in shares of PGIM High Yield Bond Fund by 3.9% in the first quarter. Investment Partners Asset Management Inc. now owns 35,100 shares of the company’s stock worth $456,000 after buying an additional 1,322 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in PGIM High Yield Bond Fund by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 117,440 shares of the company’s stock valued at $1,447,000 after purchasing an additional 1,326 shares during the last quarter. InterOcean Capital Group LLC increased its stake in PGIM High Yield Bond Fund by 4.9% during the fourth quarter. InterOcean Capital Group LLC now owns 32,000 shares of the company’s stock valued at $394,000 after purchasing an additional 1,500 shares during the last quarter. Stolper Co increased its stake in PGIM High Yield Bond Fund by 4.7% during the fourth quarter. Stolper Co now owns 33,918 shares of the company’s stock valued at $418,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Robinson Capital Management LLC increased its stake in PGIM High Yield Bond Fund by 6.4% during the fourth quarter. Robinson Capital Management LLC now owns 36,807 shares of the company’s stock valued at $456,000 after purchasing an additional 2,208 shares during the last quarter.

PGIM High Yield Bond Fund Stock Up 0.1 %

ISD stock traded up $0.01 during trading on Friday, hitting $12.88. 123,997 shares of the company’s stock traded hands, compared to its average volume of 120,293. PGIM High Yield Bond Fund, Inc. has a 52 week low of $10.98 and a 52 week high of $13.16. The stock has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $12.67.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a yield of 9.91%.

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).