Prudential Financial Inc. Acquires 453,321 Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Prudential Financial Inc. grew its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 57.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,245,522 shares of the company’s stock after buying an additional 453,321 shares during the quarter. Prudential Financial Inc. owned 0.34% of PGIM Active High Yield Bond ETF worth $43,786,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. LPL Financial LLC increased its holdings in PGIM Active High Yield Bond ETF by 339.2% in the 4th quarter. LPL Financial LLC now owns 251,810 shares of the company’s stock worth $8,748,000 after buying an additional 194,477 shares in the last quarter. BlackDiamond Wealth Management LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 5.9% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 6,748 shares of the company’s stock valued at $234,000 after acquiring an additional 378 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth approximately $137,000. Harbour Investments Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter valued at approximately $75,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in PGIM Active High Yield Bond ETF by 42.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 19,731 shares of the company’s stock valued at $685,000 after purchasing an additional 5,928 shares during the period.

PGIM Active High Yield Bond ETF Trading Up 0.1 %

NYSEARCA:PHYL opened at $35.06 on Wednesday. The company has a market cap of $266.46 million, a PE ratio of 2.51 and a beta of 0.48. The company has a 50 day simple moving average of $35.14 and a two-hundred day simple moving average of $35.21. PGIM Active High Yield Bond ETF has a 12 month low of $33.91 and a 12 month high of $35.84.

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.