PGIM High Yield Bond Fund (NYSE:ISD) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

PGIM High Yield Bond Fund, Inc. (NYSE:ISD)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.88 and traded as low as $13.73. PGIM High Yield Bond Fund shares last traded at $13.90, with a volume of 102,735 shares trading hands.

PGIM High Yield Bond Fund Trading Up 0.9 %

The business has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $13.70.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.105 per share. This represents a dividend yield of 8.87%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Large investors have recently made changes to their positions in the stock. SteelPeak Wealth LLC increased its holdings in PGIM High Yield Bond Fund by 33.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock valued at $9,104,000 after purchasing an additional 165,394 shares during the last quarter. Raymond James & Associates raised its holdings in shares of PGIM High Yield Bond Fund by 4.1% in the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock valued at $6,339,000 after buying an additional 18,025 shares during the period. Penserra Capital Management LLC acquired a new position in PGIM High Yield Bond Fund during the 3rd quarter worth about $5,007,000. International Assets Investment Management LLC boosted its holdings in PGIM High Yield Bond Fund by 1,294.0% during the 3rd quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock valued at $3,368,000 after acquiring an additional 224,263 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in PGIM High Yield Bond Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock valued at $2,214,000 after acquiring an additional 13,116 shares during the period.

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).