Envestnet Asset Management Inc. Purchases 221,242 Shares of PGIM Active High Yield Bond ETF $PHYL

Envestnet Asset Management Inc. grew its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 902,039 shares of the company’s stock after acquiring an additional 221,242 shares during the quarter. Envestnet Asset Management Inc. owned 6.91% of PGIM Active High Yield Bond ETF worth $32,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in PGIM Active High Yield Bond ETF during the second quarter worth $26,000. AE Wealth Management LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 1,181 shares during the last quarter. Mendota Financial Group LLC boosted 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 buying an additional 597 shares during the last quarter. Private Trust Co. NA bought a new position in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at about $219,000. Finally, Jane Street Group LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at about $216,000.

PGIM Active High Yield Bond ETF Stock Performance

PHYL opened at $35.62 on Thursday. The business’s 50-day simple moving average is $35.57 and its 200 day simple moving average is $35.53. PGIM Active High Yield Bond ETF has a 52-week low of $32.98 and a 52-week high of $35.83. The firm has a market capitalization of $919.00 million, a PE ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.2058 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15.

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.