Advisor Group Inc. boosted its holdings in Prudential Short Duration High Yield FD (NYSE:ISD) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,667 shares of the company’s stock after acquiring an additional 7,654 shares during the period. Advisor Group Inc.’s holdings in Prudential Short Duration High Yield FD were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James & Associates increased its holdings in shares of Prudential Short Duration High Yield FD by 21.2% during the 4th quarter. Raymond James & Associates now owns 440,302 shares of the company’s stock worth $5,737,000 after purchasing an additional 76,938 shares during the period. City of London Investment Management Co. Ltd. bought a new position in shares of Prudential Short Duration High Yield FD during the 4th quarter worth about $2,499,000. PNC Financial Services Group Inc. increased its holdings in shares of Prudential Short Duration High Yield FD by 142.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,700 shares of the company’s stock worth $126,000 after purchasing an additional 5,700 shares during the period. LPL Financial LLC increased its holdings in shares of Prudential Short Duration High Yield FD by 13.3% during the 4th quarter. LPL Financial LLC now owns 59,922 shares of the company’s stock worth $781,000 after purchasing an additional 7,052 shares during the period. Finally, Wiley BROS. Aintree Capital LLC bought a new position in shares of Prudential Short Duration High Yield FD during the 4th quarter worth about $158,000.

NYSE:ISD opened at $14.27 on Friday. Prudential Short Duration High Yield FD has a 52-week low of $12.63 and a 52-week high of $14.41.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.20 dividend on an annualized basis and a yield of 8.41%.

COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2019/03/15/advisor-group-inc-acquires-7654-shares-of-prudential-short-duration-high-yield-fd-isd.html.

Prudential Short Duration High Yield FD Profile

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).

Recommended Story: What causes a recession?

Institutional Ownership by Quarter for Prudential Short Duration High Yield FD (NYSE:ISD)

Receive News & Ratings for Prudential Short Duration High Yield FD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Short Duration High Yield FD and related companies with MarketBeat.com's FREE daily email newsletter.