PGIM High Yield Bond Fund (NYSE:ISD) Shares Pass Below 50-Day Moving Average – Time to Sell?

PGIM High Yield Bond Fund, Inc. (NYSE:ISD)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.88 and traded as low as $13.73. PGIM High Yield Bond Fund shares last traded at $13.90, with a volume of 102,735 shares.

PGIM High Yield Bond Fund Stock Up 0.9 %

The stock has a fifty day moving average of $13.87 and a 200 day moving average of $13.70.

PGIM High Yield Bond Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 8.87%.

Institutional Trading of PGIM High Yield Bond Fund

Several institutional investors and hedge funds have recently modified their holdings of ISD. FSA Wealth Management LLC purchased a new stake in PGIM High Yield Bond Fund in the 3rd quarter worth $68,000. IHT Wealth Management LLC boosted its stake in shares of PGIM High Yield Bond Fund by 67.8% in the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares during the period. Sanctuary Advisors LLC purchased a new position in PGIM High Yield Bond Fund in the 2nd quarter worth approximately $258,000. Jane Street Group LLC bought a new position in PGIM High Yield Bond Fund in the 3rd quarter worth approximately $322,000. Finally, Activest Wealth Management grew its holdings in PGIM High Yield Bond Fund by 167.6% during the 3rd quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock valued at $652,000 after buying an additional 29,314 shares in the last quarter.

PGIM High Yield Bond Fund Company 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).