116,532 Shares in PGIM High Yield Bond Fund, Inc. $ISD Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 116,532 shares of the company’s stock, valued at approximately $1,522,000.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of PGIM High Yield Bond Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock worth $2,997,000 after acquiring an additional 8,976 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of PGIM High Yield Bond Fund during the first quarter valued at approximately $217,000. Raymond James Financial Inc. boosted its position in shares of PGIM High Yield Bond Fund by 7.3% during the second quarter. Raymond James Financial Inc. now owns 758,216 shares of the company’s stock worth $10,744,000 after buying an additional 51,614 shares during the period. Jane Street Group LLC acquired a new stake in PGIM High Yield Bond Fund in the 2nd quarter valued at approximately $350,000. Finally, Ameriprise Financial Inc. increased its position in PGIM High Yield Bond Fund by 16.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 263,469 shares of the company’s stock valued at $3,733,000 after acquiring an additional 36,485 shares during the period.

PGIM High Yield Bond Fund Stock Up 0.2%

Shares of PGIM High Yield Bond Fund stock opened at $12.31 on Friday. PGIM High Yield Bond Fund, Inc. has a 1-year low of $12.26 and a 1-year high of $14.79. The business’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $13.24.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Thursday, August 13th.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.

The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.