Breakwater Capital Group Purchases 49,109 Shares of PGIM Active High Yield Bond ETF $PHYL

Breakwater Capital Group raised its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 73.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,560 shares of the company’s stock after purchasing an additional 49,109 shares during the quarter. Breakwater Capital Group owned 0.45% of PGIM Active High Yield Bond ETF worth $4,100,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MBE Wealth Management LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 2.1% during the third quarter. MBE Wealth Management LLC now owns 21,069 shares of the company’s stock valued at $753,000 after buying an additional 443 shares during the period. Anchor Investment Management LLC raised its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% in the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after buying an additional 523 shares during the period. PFW Advisors LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 0.5% during the 3rd quarter. PFW Advisors LLC now owns 131,832 shares of the company’s stock worth $4,713,000 after acquiring an additional 596 shares during the last quarter. Mendota Financial Group LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 14.6% during the 3rd quarter. Mendota Financial Group LLC now owns 4,676 shares of the company’s stock worth $167,000 after acquiring an additional 597 shares during the last quarter. Finally, PFG Advisors boosted its holdings in PGIM Active High Yield Bond ETF by 6.9% during the 3rd quarter. PFG Advisors now owns 9,368 shares of the company’s stock valued at $335,000 after acquiring an additional 608 shares during the period.

PGIM Active High Yield Bond ETF Stock Down 0.7%

Shares of PGIM Active High Yield Bond ETF stock opened at $34.65 on Monday. The stock’s fifty day moving average is $35.46 and its two-hundred day moving average is $35.50. The company has a market capitalization of $1.24 billion, a PE ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 52 week low of $32.98 and a 52 week high of $35.83.

PGIM Active High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1854 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.