Stratos Wealth Partners LTD. Makes New $3.61 Million Investment in PGIM Active High Yield Bond ETF $PHYL

Stratos Wealth Partners LTD. acquired a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 100,899 shares of the company’s stock, valued at approximately $3,607,000. Stratos Wealth Partners LTD. owned approximately 0.77% of PGIM Active High Yield Bond ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYL. Smartleaf Asset Management LLC acquired a new position in PGIM Active High Yield Bond ETF during the 2nd quarter worth $26,000. AE Wealth Management LLC raised its position in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares during the last quarter. Mendota Financial Group LLC grew its position in PGIM Active High Yield Bond ETF by 14.6% during the third quarter. Mendota Financial Group LLC now owns 4,676 shares of the company’s stock worth $167,000 after buying an additional 597 shares in the last quarter. Jane Street Group LLC bought a new position in PGIM Active High Yield Bond ETF during the first quarter valued at about $216,000. Finally, Private Trust Co. NA bought a new position in PGIM Active High Yield Bond ETF during the third quarter valued at about $219,000.

PGIM Active High Yield Bond ETF Stock Performance

PHYL opened at $35.60 on Friday. The stock’s 50 day simple moving average is $35.58 and its 200-day simple moving average is $35.53. The stock has a market cap of $918.48 million, a PE ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 1 year low of $32.98 and a 1 year high of $35.83.

PGIM Active High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2058 per share. 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. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.