209,371 Shares in PGIM High Yield Bond Fund, Inc. $ISD Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 209,371 shares of the company’s stock, valued at approximately $2,734,000.

Other institutional investors also recently made changes to their positions in the company. SteelPeak Wealth LLC boosted its holdings in PGIM High Yield Bond Fund by 7.5% during the 1st quarter. SteelPeak Wealth LLC now owns 794,786 shares of the company’s stock valued at $10,459,000 after acquiring an additional 55,132 shares during the period. Landscape Capital Management L.L.C. purchased a new position in PGIM High Yield Bond Fund in the 2nd quarter worth approximately $1,522,000. Private Advisor Group LLC lifted its position in PGIM High Yield Bond Fund by 1.1% in the first quarter. Private Advisor Group LLC now owns 150,223 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,596 shares during the last quarter. Allworth Financial LP bought a new stake in PGIM High Yield Bond Fund in the fourth quarter valued at approximately $68,000. Finally, Intellus Advisors LLC boosted its stake in shares of PGIM High Yield Bond Fund by 9.6% during the fourth quarter. Intellus Advisors LLC now owns 17,494 shares of the company’s stock valued at $253,000 after purchasing an additional 1,527 shares during the period.

PGIM High Yield Bond Fund Price Performance

Shares of ISD opened at $12.25 on Tuesday. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.21 and a twelve month high of $14.79. The firm has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $13.22.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend is Thursday, August 13th.

PGIM High Yield Bond Fund Company Profile

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.