BlackDiamond Wealth Management LLC increased its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,965 shares of the company’s stock after buying an additional 499 shares during the period. BlackDiamond Wealth Management LLC’s holdings in PGIM Active High Yield Bond ETF were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in PHYL. CWM LLC acquired a new stake in PGIM Active High Yield Bond ETF in the 4th quarter worth $288,000. Truist Financial Corp acquired a new stake in PGIM Active High Yield Bond ETF during the fourth quarter worth about $461,000. Raymond James & Associates bought a new position in PGIM Active High Yield Bond ETF during the fourth quarter valued at about $487,000. Garden State Investment Advisory Services LLC raised its holdings in PGIM Active High Yield Bond ETF by 114.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 15,904 shares of the company’s stock valued at $531,000 after acquiring an additional 8,472 shares in the last quarter. Finally, Financial Connections Group Inc. raised its holdings in PGIM Active High Yield Bond ETF by 1.9% in the 4th quarter. Financial Connections Group Inc. now owns 23,487 shares of the company’s stock valued at $817,000 after acquiring an additional 427 shares in the last quarter.
PGIM Active High Yield Bond ETF Stock Performance
Shares of NYSEARCA:PHYL traded up $0.09 during trading on Friday, hitting $34.41. 5,710 shares of the stock were exchanged, compared to its average volume of 15,712. The company has a market capitalization of $125.60 million, a price-to-earnings ratio of 2.47 and a beta of 0.32. PGIM Active High Yield Bond ETF has a 1-year low of $32.42 and a 1-year high of $35.17. The company’s fifty day simple moving average is $34.45 and its 200-day simple moving average is $34.43.
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.
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