PGIM Active High Yield Bond ETF $PHYL Shares Acquired by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC boosted its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 31.5% in the 4th quarter, HoldingsChannel reports. The firm owned 86,113 shares of the company’s stock after purchasing an additional 20,643 shares during the period. Earned Wealth Advisors LLC’s holdings in PGIM Active High Yield Bond ETF were worth $3,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the 2nd quarter worth about $26,000. Montag A & Associates Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter worth about $42,000. AE Wealth Management LLC raised its position in shares of PGIM Active High Yield Bond ETF by 1,357.5% in the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares during the last quarter. Stance Capital LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the third quarter valued at approximately $70,000. Finally, Anchor Investment Management LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 20.7% during the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after buying an additional 523 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA PHYL opened at $34.73 on Thursday. PGIM Active High Yield Bond ETF has a 1 year low of $32.98 and a 1 year high of $35.83. The firm’s 50 day moving average price is $35.30 and its 200 day moving average price is $35.44. The firm has a market cap of $1.25 billion, a P/E ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1854 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

PGIM Active High Yield Bond ETF Profile

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.