Aviance Capital Partners LLC Sells 8,437 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Aviance Capital Partners LLC reduced its holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,856 shares of the company’s stock after selling 8,437 shares during the period. Aviance Capital Partners LLC’s holdings in PGIM High Yield Bond Fund were worth $688,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in PGIM High Yield Bond Fund during the fourth quarter worth $82,000. Stonebrook Private Inc. bought a new stake in PGIM High Yield Bond Fund in the fourth quarter valued at about $150,000. Robinson Capital Management LLC acquired a new position in PGIM High Yield Bond Fund in the third quarter worth about $396,000. Investment Partners Asset Management Inc. bought a new position in PGIM High Yield Bond Fund during the fourth quarter worth about $416,000. Finally, Stolper Co boosted its holdings in PGIM High Yield Bond Fund by 4.7% during the fourth quarter. Stolper Co now owns 33,918 shares of the company’s stock valued at $418,000 after purchasing an additional 1,524 shares in the last quarter.

PGIM High Yield Bond Fund Trading Up 0.2 %

Shares of ISD traded up $0.02 during mid-day trading on Tuesday, reaching $12.74. The company had a trading volume of 75,827 shares, compared to its average volume of 124,999. PGIM High Yield Bond Fund, Inc. has a twelve month low of $10.98 and a twelve month high of $13.16. The company’s 50-day moving average is $12.75 and its 200-day moving average is $12.40.

PGIM High Yield Bond Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 9.6%.

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).