MML Investors Services LLC Has $2.31 Million Stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

MML Investors Services LLC lifted its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 9.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,572 shares of the company’s stock after acquiring an additional 5,424 shares during the period. MML Investors Services LLC owned 1.77% of PGIM Active High Yield Bond ETF worth $2,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHYL. CacheTech Inc. raised its position in shares of PGIM Active High Yield Bond ETF by 7.4% in the third quarter. CacheTech Inc. now owns 115,267 shares of the company’s stock valued at $4,127,000 after purchasing an additional 7,903 shares during the period. Townsquare Capital LLC grew its stake in PGIM Active High Yield Bond ETF by 1.4% in the 3rd quarter. Townsquare Capital LLC now owns 111,929 shares of the company’s stock valued at $4,007,000 after buying an additional 1,494 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in PGIM Active High Yield Bond ETF by 3,593.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 35,421 shares of the company’s stock worth $1,268,000 after acquiring an additional 34,462 shares during the period. Rovin Capital UT ADV lifted its position in PGIM Active High Yield Bond ETF by 2.2% during the 3rd quarter. Rovin Capital UT ADV now owns 23,280 shares of the company’s stock worth $833,000 after acquiring an additional 492 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its holdings in PGIM Active High Yield Bond ETF by 9.5% during the third quarter. Garden State Investment Advisory Services LLC now owns 21,466 shares of the company’s stock valued at $769,000 after acquiring an additional 1,857 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA:PHYL opened at $35.16 on Monday. The stock’s 50-day moving average is $35.29 and its 200-day moving average is $35.05. The company has a market cap of $128.33 million, a P/E ratio of 2.47 and a beta of 0.32. PGIM Active High Yield Bond ETF has a 52-week low of $33.91 and a 52-week high of $35.84.

PGIM Active High Yield Bond ETF Company 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.