Robinson Capital Management LLC Increases Position in PGIM High Yield Bond Fund Inc (NYSE:ISD)

Robinson Capital Management LLC raised its holdings in shares of PGIM High Yield Bond Fund Inc (NYSE:ISD) by 116.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 114,568 shares of the company’s stock after purchasing an additional 61,750 shares during the quarter. Robinson Capital Management LLC’s holdings in PGIM High Yield Bond Fund were worth $1,695,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mackay Shields LLC purchased a new stake in shares of PGIM High Yield Bond Fund in the fourth quarter valued at approximately $195,000. Sit Investment Associates Inc. boosted its holdings in shares of PGIM High Yield Bond Fund by 18.2% in the first quarter. Sit Investment Associates Inc. now owns 272,868 shares of the company’s stock valued at $3,869,000 after purchasing an additional 42,098 shares during the period. Beach Point Capital Management LP purchased a new stake in shares of PGIM High Yield Bond Fund in the first quarter valued at approximately $6,927,000. 6 Meridian boosted its holdings in shares of PGIM High Yield Bond Fund by 66.4% in the first quarter. 6 Meridian now owns 59,758 shares of the company’s stock valued at $847,000 after purchasing an additional 23,842 shares during the period. Finally, Quad Cities Investment Group LLC boosted its holdings in shares of PGIM High Yield Bond Fund by 339.4% in the first quarter. Quad Cities Investment Group LLC now owns 3,269 shares of the company’s stock valued at $46,000 after purchasing an additional 2,525 shares during the period.

Shares of NYSE ISD traded down $0.01 during trading hours on Friday, reaching $14.68. The stock had a trading volume of 1,389 shares, compared to its average volume of 113,349. The company has a fifty day moving average price of $14.60. PGIM High Yield Bond Fund Inc has a 52-week low of $12.63 and a 52-week high of $14.90.

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.17%.

About PGIM High Yield Bond Fund

Prudential Short Duration High Yield 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).

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Institutional Ownership by Quarter for PGIM High Yield Bond Fund (NYSE:ISD)

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