Inspire Advisors LLC Boosts Holdings in PGIM Active High Yield Bond ETF $PHYL

Inspire Advisors LLC raised its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,648 shares of the company’s stock after purchasing an additional 37,113 shares during the quarter. PGIM Active High Yield Bond ETF accounts for about 1.1% of Inspire Advisors LLC’s holdings, making the stock its 11th biggest holding. Inspire Advisors LLC owned approximately 2.46% of PGIM Active High Yield Bond ETF worth $11,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at $26,000. Mendota Financial Group LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 168.9% during the second quarter. Mendota Financial Group LLC now owns 4,079 shares of the company’s stock valued at $145,000 after buying an additional 2,562 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $216,000. Private Trust Co. NA bought a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at about $219,000. Finally, KWB Wealth bought a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at about $233,000.

PGIM Active High Yield Bond ETF Price Performance

PHYL opened at $35.71 on Monday. PGIM Active High Yield Bond ETF has a one year low of $32.98 and a one year high of $35.83. The firm has a market capitalization of $921.32 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. The business has a 50 day simple moving average of $35.48 and a two-hundred day simple moving average of $35.49.

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.