Earned Wealth Advisors LLC Acquires 20,643 Shares of PGIM Active High Yield Bond ETF $PHYL

Earned Wealth Advisors LLC boosted its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,113 shares of the company’s stock after purchasing an additional 20,643 shares during the quarter. Earned Wealth Advisors LLC owned approximately 0.33% of PGIM Active High Yield Bond ETF worth $3,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MBE Wealth Management LLC boosted its stake in PGIM Active High Yield Bond ETF by 2.1% in the 3rd quarter. MBE Wealth Management LLC now owns 21,069 shares of the company’s stock worth $753,000 after purchasing an additional 443 shares during the period. Fjell Capital LLC boosted its stake in PGIM Active High Yield Bond ETF by 1.0% in the 4th quarter. Fjell Capital LLC now owns 49,164 shares of the company’s stock worth $1,744,000 after purchasing an additional 494 shares during the period. Anchor Investment Management LLC boosted its stake in PGIM Active High Yield Bond ETF by 20.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after purchasing an additional 523 shares during the period. Private Trust Co. NA boosted its stake in PGIM Active High Yield Bond ETF by 9.0% in the 4th quarter. Private Trust Co. NA now owns 6,667 shares of the company’s stock worth $237,000 after purchasing an additional 551 shares during the period. Finally, PFW Advisors LLC raised its holdings 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 in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL opened at $35.38 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 2.48 and a beta of 0.41. PGIM Active High Yield Bond ETF has a 1 year low of $34.00 and a 1 year high of $35.83. The business’s 50 day simple moving average is $35.17 and its 200-day simple moving average is $35.39.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1854 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.