114,128 PGIM Global High Yield Fund, Inc $GHY Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC cut its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 34.0% during the third quarter, Holdings Channel reports. The fund owned 221,753 shares of the company’s stock after selling 114,128 shares during the period. Shaker Financial Services LLC’s holdings in PGIM Global High Yield Fund were worth $2,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GHY. Envestnet Asset Management Inc. raised its position in PGIM Global High Yield Fund by 177.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 453,420 shares of the company’s stock valued at $5,486,000 after purchasing an additional 290,279 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of PGIM Global High Yield Fund in the second quarter valued at $730,000. Landscape Capital Management L.L.C. increased its stake in shares of PGIM Global High Yield Fund by 95.2% in the second quarter. Landscape Capital Management L.L.C. now owns 84,811 shares of the company’s stock valued at $1,026,000 after buying an additional 41,372 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of PGIM Global High Yield Fund in the second quarter valued at about $336,000. Finally, Cetera Investment Advisers raised its holdings in shares of PGIM Global High Yield Fund by 5.6% in the first quarter. Cetera Investment Advisers now owns 421,366 shares of the company’s stock valued at $4,909,000 after buying an additional 22,400 shares during the last quarter.

PGIM Global High Yield Fund Stock Down 1.1%

NYSE GHY traded down $0.12 on Wednesday, hitting $10.68. 127,765 shares of the company were exchanged, compared to its average volume of 155,085. The firm has a 50 day moving average of $11.34 and a two-hundred day moving average of $11.67. PGIM Global High Yield Fund, Inc has a 1-year low of $10.65 and a 1-year high of $12.96.

PGIM Global High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 12th will be paid a $0.1050 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.8%.

PGIM Global High Yield Fund Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end investment fund that seeks to provide investors with a high level of current income and, secondarily, capital appreciation. The fund invests primarily in high-yield debt securities, commonly known as below-investment-grade or “junk” bonds, issued by companies and other entities around the world.

Its portfolio may include corporate bonds, loans and other fixed-income instruments from developed and emerging markets. By investing across multiple countries, industries and issuers, the fund seeks to provide global exposure to the high-yield market while managing credit, interest-rate and currency-related risks.

GHY is managed by PGIM Fixed Income, the fixed-income investment management business of PGIM, Inc, the global investment management arm of Prudential Financial.