Readystate Asset Management LP Decreases Stock Holdings in PGIM Global High Yield Fund, Inc $GHY

Readystate Asset Management LP lowered its stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 68.5% during the 1st quarter, HoldingsChannel reports. The firm owned 73,955 shares of the company’s stock after selling 161,016 shares during the period. Readystate Asset Management LP’s holdings in PGIM Global High Yield Fund were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of PGIM Global High Yield Fund by 1.6% during the 1st quarter. Royal Bank of Canada now owns 534,258 shares of the company’s stock valued at $6,224,000 after buying an additional 8,412 shares during the period. Cetera Investment Advisers increased its position in PGIM Global High Yield Fund by 5.6% during the first quarter. Cetera Investment Advisers now owns 421,366 shares of the company’s stock valued at $4,909,000 after acquiring an additional 22,400 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in PGIM Global High Yield Fund during the first quarter valued at $136,000. Janney Montgomery Scott LLC lifted its holdings in PGIM Global High Yield Fund by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 76,770 shares of the company’s stock valued at $894,000 after acquiring an additional 4,018 shares during the period. Finally, Invesco Ltd. lifted its holdings in PGIM Global High Yield Fund by 26.5% in the fourth quarter. Invesco Ltd. now owns 519,176 shares of the company’s stock valued at $6,407,000 after acquiring an additional 108,885 shares during the period.

PGIM Global High Yield Fund Trading Down 0.9%

NYSE:GHY opened at $11.62 on Thursday. The stock has a 50-day moving average price of $11.88 and a 200 day moving average price of $12.11. PGIM Global High Yield Fund, Inc has a 12-month low of $11.25 and a 12-month high of $13.43.

PGIM Global High Yield Fund Dividend Announcement

The business also recently disclosed 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 is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 10.8%.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.