RFG Advisory LLC Sells 2,551 Shares of PGIM Global High Yield Fund, Inc (NYSE:GHY)

RFG Advisory LLC lowered its stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,347 shares of the company’s stock after selling 2,551 shares during the quarter. RFG Advisory LLC’s holdings in PGIM Global High Yield Fund were worth $2,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of PGIM Global High Yield Fund in the second quarter worth about $576,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of PGIM Global High Yield Fund by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after acquiring an additional 1,050 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PGIM Global High Yield Fund in the third quarter worth about $36,000. SeaCrest Wealth Management LLC lifted its holdings in shares of PGIM Global High Yield Fund by 5.2% in the third quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after acquiring an additional 1,246 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after acquiring an additional 3,961 shares during the last quarter.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $544,086.15. Following the completion of the transaction, the director now owns 42,053 shares in the company, valued at $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PGIM Global High Yield Fund Trading Up 1.7 %

Shares of NYSE GHY opened at $13.23 on Friday. The company has a 50 day simple moving average of $12.73 and a 200 day simple moving average of $12.61. PGIM Global High Yield Fund, Inc has a 1 year low of $11.11 and a 1 year high of $13.31.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 9.75%.

PGIM Global High Yield Fund Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.