Seros Financial LLC Makes New Investment in PGIM Active High Yield Bond ETF $PHYL

Seros Financial LLC acquired a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,709 shares of the company’s stock, valued at approximately $2,137,000. PGIM Active High Yield Bond ETF makes up 1.4% of Seros Financial LLC’s investment portfolio, making the stock its 15th largest position. Seros Financial LLC owned 0.17% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D lifted its position in PGIM Active High Yield Bond ETF by 64.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,725,000 shares of the company’s stock valued at $61,203,000 after purchasing an additional 675,000 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of PGIM Active High Yield Bond ETF by 538.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 376,538 shares of the company’s stock worth $13,362,000 after buying an additional 317,591 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of PGIM Active High Yield Bond ETF by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 564,884 shares of the company’s stock worth $20,042,000 after buying an additional 188,684 shares during the period. Cetera Investment Advisers bought a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth about $6,509,000. Finally, Foguth Wealth Management LLC. purchased a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at about $6,062,000.

PGIM Active High Yield Bond ETF Trading Up 0.3%

Shares of NYSEARCA:PHYL opened at $34.97 on Thursday. The stock has a 50 day moving average of $35.01 and a 200 day moving average of $35.22. The company has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 12-month low of $34.47 and a 12-month high of $35.83.

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.