State of New Jersey Common Pension Fund D Boosts Stake in PGIM Active High Yield Bond ETF $PHYL

State of New Jersey Common Pension Fund D grew its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 63.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 775,000 shares of the company’s stock after purchasing an additional 300,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 8.27% of PGIM Active High Yield Bond ETF worth $27,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter valued at $233,000. Envestnet Asset Management Inc. lifted its holdings in shares of PGIM Active High Yield Bond ETF by 69.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 558,641 shares of the company’s stock valued at $19,452,000 after purchasing an additional 229,883 shares during the last quarter. KWB Wealth purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 2nd quarter valued at $233,000. LPL Financial LLC lifted its holdings in shares of PGIM Active High Yield Bond ETF by 71.3% during the 1st quarter. LPL Financial LLC now owns 431,349 shares of the company’s stock valued at $15,020,000 after purchasing an additional 179,539 shares during the last quarter. Finally, American Alpha Advisors LLC lifted its holdings in shares of PGIM Active High Yield Bond ETF by 4.6% during the 1st quarter. American Alpha Advisors LLC now owns 170,436 shares of the company’s stock valued at $5,935,000 after purchasing an additional 7,451 shares during the last quarter.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA PHYL opened at $35.65 on Friday. The stock’s fifty day moving average price is $35.60 and its 200 day moving average price is $35.15. 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 $465.23 million, a price-to-earnings 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.