Prudential Financial Inc. Acquires 453,321 Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Prudential Financial Inc. boosted its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,245,522 shares of the company’s stock after purchasing an additional 453,321 shares during the period. Prudential Financial Inc. owned approximately 34.12% of PGIM Active High Yield Bond ETF worth $43,786,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 339.2% during the fourth quarter. LPL Financial LLC now owns 251,810 shares of the company’s stock valued at $8,748,000 after purchasing an additional 194,477 shares during the period. BlackDiamond Wealth Management LLC grew its holdings in PGIM Active High Yield Bond ETF by 5.9% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 6,748 shares of the company’s stock worth $234,000 after acquiring an additional 378 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter valued at about $137,000. Harbour Investments Inc. bought a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter valued at about $75,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of PGIM Active High Yield Bond ETF by 42.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 19,731 shares of the company’s stock worth $685,000 after purchasing an additional 5,928 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA PHYL opened at $35.06 on Wednesday. PGIM Active High Yield Bond ETF has a 1 year low of $33.91 and a 1 year high of $35.84. The stock has a market capitalization of $266.46 million, a PE ratio of 2.51 and a beta of 0.48. The business’s 50-day moving average is $35.14 and its 200 day moving average is $35.21.

About PGIM Active High Yield Bond ETF

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.