SteelPeak Wealth LLC Has $10.46 Million Holdings in PGIM High Yield Bond Fund, Inc. $ISD

SteelPeak Wealth LLC increased its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 794,786 shares of the company’s stock after acquiring an additional 55,132 shares during the quarter. SteelPeak Wealth LLC’s holdings in PGIM High Yield Bond Fund were worth $10,459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp acquired a new position in shares of PGIM High Yield Bond Fund during the 1st quarter worth approximately $26,000. Strategic Advocates LLC acquired a new stake in shares of PGIM High Yield Bond Fund in the third quarter valued at approximately $31,000. Allworth Financial LP acquired a new stake in shares of PGIM High Yield Bond Fund in the fourth quarter valued at approximately $68,000. Evolve Private Wealth LLC bought a new stake in shares of PGIM High Yield Bond Fund in the fourth quarter valued at approximately $186,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of PGIM High Yield Bond Fund in the first quarter valued at approximately $217,000.

PGIM High Yield Bond Fund Price Performance

Shares of NYSE:ISD opened at $12.74 on Friday. PGIM High Yield Bond Fund, Inc. has a 1 year low of $12.53 and a 1 year high of $14.79. The business’s 50 day simple moving average is $12.92 and its 200 day simple moving average is $13.60.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced 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. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Thursday, August 13th.

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.