PGIM High Yield Bond Fund, Inc. $ISD Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,147 shares of the company’s stock after purchasing an additional 45,082 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in PGIM High Yield Bond Fund were worth $2,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Intellus Advisors LLC boosted its stake in PGIM High Yield Bond Fund by 9.6% during the 4th quarter. Intellus Advisors LLC now owns 17,494 shares of the company’s stock worth $253,000 after purchasing an additional 1,527 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in PGIM High Yield Bond Fund by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 42,010 shares of the company’s stock worth $604,000 after purchasing an additional 1,567 shares during the last quarter. Mallini Complete Financial Planning LLC boosted its stake in PGIM High Yield Bond Fund by 8.5% during the 4th quarter. Mallini Complete Financial Planning LLC now owns 21,857 shares of the company’s stock worth $316,000 after purchasing an additional 1,706 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of PGIM High Yield Bond Fund during the 3rd quarter valued at about $31,000. Finally, Allworth Financial LP acquired a new position in shares of PGIM High Yield Bond Fund during the 4th quarter valued at about $68,000.

PGIM High Yield Bond Fund Price Performance

Shares of ISD stock opened at $12.82 on Friday. The company’s 50-day moving average price is $13.15 and its 200-day moving average price is $13.95. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.53 and a twelve month high of $14.79.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.8%.

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.