PGIM High Yield Bond Fund (NYSE:ISD) Stock Crosses Below Fifty Day Moving Average – Here’s Why

PGIM High Yield Bond Fund, Inc. (NYSE:ISD)’s stock price passed 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 trading hands.

PGIM High Yield Bond Fund Trading Down 0.1 %

The stock has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $13.71.

PGIM High Yield Bond Fund Announces Dividend

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

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC boosted its stake in PGIM High Yield Bond Fund by 33.9% during the third quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock valued at $9,104,000 after buying an additional 165,394 shares in the last quarter. Raymond James & Associates boosted its position in shares of PGIM High Yield Bond Fund by 4.1% in the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after buying an additional 18,025 shares during the period. Penserra Capital Management LLC acquired a new position in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at about $5,007,000. International Assets Investment Management LLC lifted its position in PGIM High Yield Bond Fund by 1,294.0% in the 3rd quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock worth $3,368,000 after buying an additional 224,263 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock valued at $2,214,000 after buying an additional 13,116 shares during the period.

About PGIM High Yield Bond Fund

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).