Activest Wealth Management Boosts Stock Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Activest Wealth Management increased its position in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 23.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,961 shares of the company’s stock after acquiring an additional 3,961 shares during the quarter. Activest Wealth Management’s holdings in PGIM Global High Yield Fund were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in PGIM Global High Yield Fund by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after buying an additional 1,050 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of PGIM Global High Yield Fund by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after acquiring an additional 1,221 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of PGIM Global High Yield Fund by 5.2% during the third 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 in the last quarter. Future Financial Wealth Managment LLC bought a new stake in PGIM Global High Yield Fund during the 3rd quarter valued at approximately $36,000. Finally, Advisor Resource Council purchased a new position in PGIM Global High Yield Fund in the 3rd quarter worth approximately $136,000.

PGIM Global High Yield Fund Trading Up 0.3 %

GHY traded up $0.04 during trading on Thursday, reaching $12.59. 18,504 shares of the company traded hands, compared to its average volume of 163,915. PGIM Global High Yield Fund, Inc has a 12-month low of $10.86 and a 12-month high of $13.11. The firm has a fifty day simple moving average of $12.66 and a 200 day simple moving average of $12.32.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.105 per share. This represents a dividend yield of 10.08%. The ex-dividend date was Thursday, September 12th.

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.