LPL Financial LLC Purchases 179,539 Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

LPL Financial LLC grew its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 71.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,349 shares of the company’s stock after acquiring an additional 179,539 shares during the quarter. LPL Financial LLC owned 5.77% of PGIM Active High Yield Bond ETF worth $15,020,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PHYL. JPMorgan Chase & Co. purchased a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth $11,601,000. Envestnet Asset Management Inc. boosted its stake in PGIM Active High Yield Bond ETF by 69.9% during the first quarter. Envestnet Asset Management Inc. now owns 558,641 shares of the company’s stock valued at $19,452,000 after buying an additional 229,883 shares during the last quarter. Wells Fargo & Company MN boosted its stake in PGIM Active High Yield Bond ETF by 8,651.8% during the fourth quarter. Wells Fargo & Company MN now owns 122,350 shares of the company’s stock valued at $4,250,000 after buying an additional 120,952 shares during the last quarter. Advisory Resource Group bought a new position in PGIM Active High Yield Bond ETF during the first quarter valued at approximately $4,028,000. Finally, Signal Advisors Wealth LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 52.2% in the 1st quarter. Signal Advisors Wealth LLC now owns 188,052 shares of the company’s stock valued at $6,548,000 after purchasing an additional 64,464 shares during the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA PHYL opened at $35.38 on Thursday. The business’s 50 day moving average price is $35.21 and its 200-day moving average price is $34.93. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.84. The company has a market cap of $331.69 million, a price-to-earnings ratio of 2.48 and a beta of 0.45.

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.