Envestnet Asset Management Inc. Has $24.16 Million Stock Holdings in PGIM Active High Yield Bond ETF $PHYL

Envestnet Asset Management Inc. raised its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 21.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 680,797 shares of the company’s stock after buying an additional 122,156 shares during the quarter. Envestnet Asset Management Inc. owned 7.26% of PGIM Active High Yield Bond ETF worth $24,161,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC increased its stake in PGIM Active High Yield Bond ETF by 40.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $57,000 after buying an additional 469 shares during the period. Capital Analysts LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth $131,000. Gen Wealth Partners Inc raised its stake in PGIM Active High Yield Bond ETF by 14.3% during the 1st quarter. Gen Wealth Partners Inc now owns 4,026 shares of the company’s stock valued at $140,000 after purchasing an additional 503 shares during the last quarter. Mendota Financial Group LLC raised its stake in PGIM Active High Yield Bond ETF by 168.9% during the 2nd quarter. Mendota Financial Group LLC now owns 4,079 shares of the company’s stock valued at $145,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the 1st quarter valued at $216,000.

PGIM Active High Yield Bond ETF Stock Down 0.9%

Shares of PGIM Active High Yield Bond ETF stock opened at $35.27 on Tuesday. PGIM Active High Yield Bond ETF has a 12-month low of $32.98 and a 12-month high of $35.83. The company has a 50-day simple moving average of $35.61 and a 200 day simple moving average of $35.25. The stock has a market capitalization of $460.27 million, a P/E ratio of 2.48 and a beta of 0.40.

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.