Advisors Asset Management Inc. Boosts Stock Holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Advisors Asset Management Inc. raised its holdings in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 823,861 shares of the company’s stock after purchasing an additional 23,622 shares during the period. Advisors Asset Management Inc.’s holdings in PGIM Global High Yield Fund were worth $10,150,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GHY. Penserra Capital Management LLC acquired a new position in PGIM Global High Yield Fund during the 3rd quarter valued at approximately $4,889,000. Avestar Capital LLC boosted its holdings in shares of PGIM Global High Yield Fund by 8.5% in the 4th quarter. Avestar Capital LLC now owns 124,700 shares of the company’s stock valued at $1,536,000 after acquiring an additional 9,760 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of PGIM Global High Yield Fund by 5.4% in the 4th quarter. Principal Securities Inc. now owns 110,732 shares of the company’s stock valued at $1,364,000 after acquiring an additional 5,656 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PGIM Global High Yield Fund in the 4th quarter valued at $1,094,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of PGIM Global High Yield Fund by 2.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 69,368 shares of the company’s stock valued at $855,000 after acquiring an additional 1,984 shares during the last quarter.

PGIM Global High Yield Fund Stock Up 0.2 %

GHY stock opened at $12.96 on Wednesday. The firm’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $12.82. PGIM Global High Yield Fund, Inc has a 12 month low of $11.12 and a 12 month high of $13.54.

PGIM Global High Yield Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.105 per share. This represents a yield of 9.71%. The ex-dividend date of this dividend is Thursday, March 13th.

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.