PGIM High Yield Bond Fund (NYSE:ISD) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

PGIM High Yield Bond Fund, Inc. (NYSE:ISD)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.99 and traded as low as $12.46. PGIM High Yield Bond Fund shares last traded at $13.11, with a volume of 236,841 shares.

PGIM High Yield Bond Fund Price Performance

The stock’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $13.92.

PGIM High Yield Bond Fund Dividend Announcement

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

Hedge Funds Weigh In On PGIM High Yield Bond Fund

Several large investors have recently bought and sold shares of ISD. Level Four Advisory Services LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter valued at $143,000. Beacon Pointe Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter valued at $147,000. Intellus Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter valued at $157,000. MSH Capital Advisors LLC acquired a new position in PGIM High Yield Bond Fund during the 4th quarter valued at $248,000. Finally, IHT Wealth Management LLC raised its stake in shares of PGIM High Yield Bond Fund by 67.8% in the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after buying an additional 7,240 shares in the last quarter.

PGIM High Yield Bond Fund Company Profile

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).