Readystate Asset Management LP Increases Stake in PGIM High Yield Bond Fund, Inc. $ISD

Readystate Asset Management LP increased its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 350.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,863 shares of the company’s stock after buying an additional 60,583 shares during the period. Readystate Asset Management LP’s holdings in PGIM High Yield Bond Fund were worth $1,017,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Susquehanna International Group LLP bought a new position in shares of PGIM High Yield Bond Fund in the 2nd quarter worth approximately $155,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of PGIM High Yield Bond Fund by 17.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 209,371 shares of the company’s stock valued at $2,734,000 after purchasing an additional 30,754 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in PGIM High Yield Bond Fund in the second quarter worth $367,000. Corient Private Wealth LP purchased a new stake in PGIM High Yield Bond Fund in the second quarter worth $317,000. Finally, Bank of America Corp DE bought a new position in PGIM High Yield Bond Fund in the second quarter worth $7,325,000.

PGIM High Yield Bond Fund Price Performance

Shares of PGIM High Yield Bond Fund stock opened at $12.23 on Tuesday. The business has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $13.05. PGIM High Yield Bond Fund, Inc. has a 12 month low of $12.21 and a 12 month high of $14.79.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 12th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Thursday, November 12th.

PGIM High Yield Bond Fund 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.