SteelPeak Wealth LLC Purchases 55,132 Shares of PGIM High Yield Bond Fund, Inc. $ISD

SteelPeak Wealth LLC lifted its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 794,786 shares of the company’s stock after acquiring an additional 55,132 shares during the period. SteelPeak Wealth LLC’s holdings in PGIM High Yield Bond Fund were worth $10,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in PGIM High Yield Bond Fund by 84.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 210,526 shares of the company’s stock valued at $3,046,000 after acquiring an additional 96,461 shares during the last quarter. Savvy Advisors Inc. acquired a new position in PGIM High Yield Bond Fund during the fourth quarter valued at approximately $1,378,000. Strategic Advocates LLC bought a new stake in PGIM High Yield Bond Fund during the third quarter worth $31,000. Royal Bank of Canada lifted its stake in PGIM High Yield Bond Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock worth $2,997,000 after purchasing an additional 8,976 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of PGIM High Yield Bond Fund by 7.3% in the 4th quarter. LPL Financial LLC now owns 143,027 shares of the company’s stock valued at $2,070,000 after purchasing an additional 9,764 shares in the last quarter.

PGIM High Yield Bond Fund Stock Down 0.3%

Shares of ISD stock opened at $12.74 on Friday. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $14.79. The stock’s fifty day moving average price is $12.92 and its two-hundred day moving average price is $13.60.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 9.9%.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange?traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar?denominated below?investment?grade corporate bonds. Through its open?end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom?up credit research conducted by PGIM’s global fixed income team.