Landscape Capital Management L.L.C. Takes Position in PGIM High Yield Bond Fund, Inc. $ISD

Landscape Capital Management L.L.C. purchased a new position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 116,532 shares of the company’s stock, valued at approximately $1,522,000.

Other hedge funds have also bought and sold shares of the company. Mallini Complete Financial Planning LLC increased its holdings in PGIM High Yield Bond Fund by 4.2% in the second quarter. Mallini Complete Financial Planning LLC now owns 23,330 shares of the company’s stock valued at $305,000 after buying an additional 938 shares during the last quarter. Intellus Advisors LLC lifted its holdings 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 buying an additional 1,527 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 buying an additional 1,567 shares during the last quarter. Private Advisor Group LLC grew its position in shares of PGIM High Yield Bond Fund by 1.1% in the 1st quarter. Private Advisor Group LLC now owns 150,223 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,596 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of PGIM High Yield Bond Fund in the 1st quarter worth approximately $26,000.

PGIM High Yield Bond Fund Trading Up 0.2%

Shares of NYSE ISD opened at $12.31 on Friday. PGIM High Yield Bond Fund, Inc. has a twelve month low of $12.26 and a twelve month high of $14.79. The business has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $13.24.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Thursday, August 13th.

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.