City of London Investment Management Co. Ltd. Has $2.51 Million Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

City of London Investment Management Co. Ltd. cut its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 63.3% in the second quarter, HoldingsChannel reports. The fund owned 194,950 shares of the company’s stock after selling 335,781 shares during the period. City of London Investment Management Co. Ltd.’s holdings in PGIM High Yield Bond Fund were worth $2,511,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Investment Partners Asset Management Inc. lifted its holdings in PGIM High Yield Bond Fund by 3.9% during the 1st 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 in the last quarter. Edmonds Duncan Registered Investment Advisors LLC boosted its holdings in PGIM High Yield Bond Fund by 2.9% in the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 48,981 shares of the company’s stock valued at $636,000 after acquiring an additional 1,392 shares during the last quarter. InterOcean Capital Group LLC increased its position in PGIM High Yield Bond Fund by 4.9% in the fourth quarter. InterOcean Capital Group LLC now owns 32,000 shares of the company’s stock worth $394,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC raised its holdings in PGIM High Yield Bond Fund by 10.3% during the 2nd quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock worth $223,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Clean Yield Group acquired a new stake in shares of PGIM High Yield Bond Fund during the 1st quarter worth approximately $26,000.

PGIM High Yield Bond Fund Stock Performance

Shares of NYSE ISD opened at $13.65 on Monday. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $10.98 and a fifty-two week high of $13.98. The company’s 50 day simple moving average is $13.52 and its 200 day simple moving average is $13.02.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 9.09%.

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).