Baird Financial Group Inc. Sells 15,383 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Baird Financial Group Inc. lowered its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,616 shares of the company’s stock after selling 15,383 shares during the period. Baird Financial Group Inc.’s holdings in PGIM High Yield Bond Fund were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SteelPeak Wealth LLC lifted its stake in PGIM High Yield Bond Fund by 7.0% in the fourth quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after acquiring an additional 45,878 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in PGIM High Yield Bond Fund by 14.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after acquiring an additional 2,731 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PGIM High Yield Bond Fund in the fourth quarter valued at $8,765,000. Aviance Capital Partners LLC lifted its stake in PGIM High Yield Bond Fund by 17.3% in the fourth quarter. Aviance Capital Partners LLC now owns 49,978 shares of the company’s stock valued at $684,000 after acquiring an additional 7,358 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in PGIM High Yield Bond Fund by 8.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 630,031 shares of the company’s stock valued at $8,619,000 after acquiring an additional 48,558 shares during the last quarter.

PGIM High Yield Bond Fund Trading Up 0.4%

Shares of ISD stock opened at $14.11 on Wednesday. The company has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $13.83. PGIM High Yield Bond Fund, Inc. has a one year low of $11.82 and a one year high of $14.49.

PGIM High Yield Bond Fund Announces Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.105 per share. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend was Thursday, March 13th.

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).