PGIM High Yield Bond Fund (NYSE:ISD) Stock Crosses Below 50 Day Moving Average – Time to Sell?

PGIM High Yield Bond Fund, Inc. (NYSE:ISD)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.45 and traded as low as $14.38. PGIM High Yield Bond Fund shares last traded at $14.41, with a volume of 79,149 shares changing hands.

PGIM High Yield Bond Fund Trading Down 0.1%

The business’s fifty day moving average price is $14.45 and its 200-day moving average price is $14.32.

PGIM High Yield Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.105 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Thursday, February 12th.

Insider Activity at PGIM High Yield Bond Fund

In related news, Director Brian Reid sold 16,833 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $14.41, for a total transaction of $242,563.53. Following the transaction, the director directly owned 3,064 shares of the company’s stock, valued at approximately $44,152.24. This trade represents a 84.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Advocates LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter worth approximately $31,000. David J Yvars Group purchased a new position in PGIM High Yield Bond Fund in the 3rd quarter worth $157,000. Intellus Advisors LLC lifted its stake in PGIM High Yield Bond Fund by 6.7% in the second quarter. Intellus Advisors LLC now owns 11,642 shares of the company’s stock worth $165,000 after purchasing an additional 734 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in PGIM High Yield Bond Fund by 25.6% in the second quarter. Beacon Pointe Advisors LLC now owns 14,772 shares of the company’s stock worth $209,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in PGIM High Yield Bond Fund during the first quarter valued at about $217,000.

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).