Envestnet Asset Management Inc. raised its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) by 69.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 558,641 shares of the company’s stock after purchasing an additional 229,883 shares during the period. Envestnet Asset Management Inc. owned 7.45% of PGIM Active High Yield Bond ETF worth $19,452,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Mendota Financial Group LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the first quarter valued at about $53,000. Harbour Investments Inc. acquired a new stake in PGIM Active High Yield Bond ETF during the fourth quarter worth approximately $75,000. Anchor Investment Management LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at $86,000. Gen Wealth Partners Inc acquired a new position in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at $122,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in PGIM Active High Yield Bond ETF in the 4th quarter valued at $137,000.
PGIM Active High Yield Bond ETF Stock Performance
Shares of PHYL opened at $35.21 on Thursday. The stock has a market capitalization of $327.45 million, a P/E ratio of 2.48 and a beta of 0.45. PGIM Active High Yield Bond ETF has a 1 year low of $32.98 and a 1 year high of $35.84. The company’s fifty day moving average is $35.02 and its two-hundred day moving average is $34.87.
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.
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