LPL Financial LLC raised its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) by 339.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,810 shares of the company’s stock after buying an additional 194,477 shares during the period. LPL Financial LLC owned about 0.07% of PGIM Active High Yield Bond ETF worth $8,748,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D purchased a new position in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at about $12,159,000. Vestmark Advisory Solutions Inc. increased its stake in PGIM Active High Yield Bond ETF by 11.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 246,898 shares of the company’s stock valued at $8,577,000 after purchasing an additional 25,791 shares during the last quarter. Goodwin Investment Advisory purchased a new position in PGIM Active High Yield Bond ETF in the fourth quarter valued at approximately $8,231,000. Hughes Financial Services LLC acquired a new stake in PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $7,532,000. Finally, PFW Advisors LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 4th quarter worth approximately $4,744,000.
PGIM Active High Yield Bond ETF Trading Down 1.8 %
Shares of PGIM Active High Yield Bond ETF stock opened at $33.78 on Friday. The company has a fifty day simple moving average of $35.06 and a 200-day simple moving average of $35.17. The stock has a market cap of $260.11 million, a price-to-earnings ratio of 2.50 and a beta of 0.48. PGIM Active High Yield Bond ETF has a 12-month low of $33.71 and a 12-month 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.
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