Sit Investment Associates Inc. Trims Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Sit Investment Associates Inc. lowered its stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 541,216 shares of the company’s stock after selling 79,635 shares during the quarter. Sit Investment Associates Inc.’s holdings in PGIM Global High Yield Fund were worth $6,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in shares of PGIM Global High Yield Fund by 3.0% in the 4th quarter. Advisors Asset Management Inc. now owns 823,861 shares of the company’s stock valued at $10,150,000 after purchasing an additional 23,622 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of PGIM Global High Yield Fund by 1.8% during the fourth quarter. LPL Financial LLC now owns 356,647 shares of the company’s stock worth $4,394,000 after purchasing an additional 6,332 shares during the period. Avestar Capital LLC grew its position in PGIM Global High Yield Fund by 8.5% in the 4th quarter. Avestar Capital LLC now owns 124,700 shares of the company’s stock valued at $1,536,000 after buying an additional 9,760 shares during the last quarter. Wells Fargo & Company MN raised its position in PGIM Global High Yield Fund by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 113,773 shares of the company’s stock worth $1,402,000 after buying an additional 7,850 shares during the last quarter. Finally, Principal Securities Inc. raised its position in PGIM Global High Yield Fund by 5.4% during the 4th quarter. Principal Securities Inc. now owns 110,732 shares of the company’s stock worth $1,364,000 after buying an additional 5,656 shares during the last quarter.

PGIM Global High Yield Fund Stock Down 8.0 %

Shares of NYSE:GHY opened at $12.14 on Friday. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.12 and a fifty-two week high of $13.66. The firm’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $12.89.

PGIM Global High Yield Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.105 per share. This represents a yield of 9.71%. The ex-dividend date was Thursday, March 13th.

About PGIM Global High Yield Fund

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.