Principal Securities Inc. Grows Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Principal Securities Inc. boosted its holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 110,732 shares of the company’s stock after acquiring an additional 5,656 shares during the period. Principal Securities Inc.’s holdings in PGIM Global High Yield Fund were worth $1,364,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GHY. Penserra Capital Management LLC purchased a new position in shares of PGIM Global High Yield Fund during the third quarter valued at approximately $4,889,000. Avestar Capital LLC grew its position in PGIM Global High Yield Fund by 64.3% in the 3rd quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after purchasing an additional 45,000 shares during the period. Advisors Asset Management Inc. raised its stake in PGIM Global High Yield Fund by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after buying an additional 20,555 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in shares of PGIM Global High Yield Fund in the 3rd quarter worth $179,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of PGIM Global High Yield Fund in the fourth quarter worth $168,000.

PGIM Global High Yield Fund Price Performance

GHY stock opened at $13.19 on Wednesday. The business’s 50-day moving average is $12.87 and its two-hundred day moving average is $12.72. PGIM Global High Yield Fund, Inc has a fifty-two week low of $11.11 and a fifty-two week high of $13.54.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.105 dividend. This represents a dividend yield of 9.75%. The ex-dividend date of this dividend was Thursday, December 12th.

Insider Buying and Selling

In related news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $12.99, for a total value of $544,086.15. Following the transaction, the director now directly owns 42,053 shares of the company’s stock, valued at approximately $546,268.47. This trade represents a 49.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About PGIM Global High Yield Fund

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.