RFG Advisory LLC Has $2.04 Million Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

RFG Advisory LLC reduced its stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,347 shares of the company’s stock after selling 2,551 shares during the period. RFG Advisory LLC’s holdings in PGIM Global High Yield Fund were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of PGIM Global High Yield Fund by 4.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after acquiring an additional 1,050 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of PGIM Global High Yield Fund by 5.3% in the second quarter. Cetera Investment Advisers now owns 264,853 shares of the company’s stock valued at $3,146,000 after acquiring an additional 13,415 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of PGIM Global High Yield Fund in the second quarter valued at about $576,000. Future Financial Wealth Managment LLC acquired a new position in shares of PGIM Global High Yield Fund in the third quarter valued at about $36,000. Finally, SeaCrest Wealth Management LLC grew its stake in shares of PGIM Global High Yield Fund by 5.2% in the third quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock valued at $320,000 after acquiring an additional 1,246 shares in the last quarter.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.99, for a total transaction of $544,086.15. Following the completion of the sale, the director now owns 42,053 shares of the company’s stock, valued at $546,268.47. This represents a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PGIM Global High Yield Fund Stock Performance

GHY stock opened at $13.23 on Friday. The company’s 50-day simple moving average is $12.73 and its 200 day simple moving average is $12.61. PGIM Global High Yield Fund, Inc has a 52 week low of $11.11 and a 52 week high of $13.31.

PGIM Global High Yield Fund Dividend Announcement

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

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.