Mendota Financial Group LLC Boosts Stock Holdings in PGIM Active High Yield Bond ETF $PHYL

Mendota Financial Group LLC lifted its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 168.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,079 shares of the company’s stock after purchasing an additional 2,562 shares during the period. PGIM Active High Yield Bond ETF comprises 0.1% of Mendota Financial Group LLC’s holdings, making the stock its 29th biggest position. Mendota Financial Group LLC’s holdings in PGIM Active High Yield Bond ETF were worth $145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Network Wealth Advisors LLC raised its stake in PGIM Active High Yield Bond ETF by 40.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $57,000 after buying an additional 469 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of PGIM Active High Yield Bond ETF in the 1st quarter valued at $131,000. Gen Wealth Partners Inc increased its holdings in shares of PGIM Active High Yield Bond ETF by 14.3% in the 1st quarter. Gen Wealth Partners Inc now owns 4,026 shares of the company’s stock valued at $140,000 after acquiring an additional 503 shares during the period. Jane Street Group LLC bought a new position in shares of PGIM Active High Yield Bond ETF in the 1st quarter worth $216,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth $233,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $35.63 on Friday. The stock’s 50-day moving average is $35.58 and its 200 day moving average is $35.06. PGIM Active High Yield Bond ETF has a 1-year low of $32.98 and a 1-year high of $35.83. The company has a market cap of $464.97 million, a P/E ratio of 2.48 and a beta of 0.45.

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.