Vestmark Advisory Solutions Inc. Increases Stock Holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Vestmark Advisory Solutions Inc. lifted its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,898 shares of the company’s stock after buying an additional 25,791 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.07% of PGIM Active High Yield Bond ETF worth $8,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $1,674,000. Goodwin Investment Advisory purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $8,231,000. Fjell Capital LLC purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $3,389,000. Global Retirement Partners LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 35.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,351 shares of the company’s stock worth $186,000 after acquiring an additional 1,395 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $12,159,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PGIM Active High Yield Bond ETF stock opened at $35.18 on Thursday. The stock has a market capitalization of $253.30 million, a price-to-earnings ratio of 2.53 and a beta of 0.46. The company’s 50 day moving average price is $35.09 and its 200-day moving average price is $35.23. PGIM Active High Yield Bond ETF has a 52-week low of $33.91 and a 52-week high of $35.84.

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.