Shaker Financial Services LLC Cuts Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Shaker Financial Services LLC trimmed its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 179,919 shares of the company’s stock after selling 13,546 shares during the period. Shaker Financial Services LLC’s holdings in PGIM Global High Yield Fund were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Ironsides Asset Advisors LLC grew its stake in PGIM Global High Yield Fund by 4.6% in the 1st quarter. Ironsides Asset Advisors LLC now owns 21,299 shares of the company’s stock valued at $255,000 after acquiring an additional 939 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of PGIM Global High Yield Fund by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of PGIM Global High Yield Fund by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,221 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of PGIM Global High Yield Fund by 5.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of PGIM Global High Yield Fund during the 3rd quarter worth about $36,000.

Insider Buying and Selling

In related news, Director Barry H. Evans sold 3,747 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $12.47, for a total value of $46,725.09. Following the sale, the director now directly owns 83,938 shares of the company’s stock, valued at approximately $1,046,706.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PGIM Global High Yield Fund Stock Up 1.1 %

PGIM Global High Yield Fund stock opened at $12.70 on Thursday. PGIM Global High Yield Fund, Inc has a 12-month low of $10.54 and a 12-month high of $12.94. The firm’s 50-day moving average is $12.66 and its two-hundred day moving average is $12.25.

PGIM Global High Yield Fund Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 10.08%.

PGIM Global High Yield Fund Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.