JT Stratford LLC Takes $593,000 Position in PGIM Active High Yield Bond ETF $PHYL

JT Stratford LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,600 shares of the company’s stock, valued at approximately $593,000. JT Stratford LLC owned 0.13% of PGIM Active High Yield Bond ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new position in PGIM Active High Yield Bond ETF during the second quarter valued at approximately $26,000. Montag A & Associates Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter valued at $42,000. AE Wealth Management LLC lifted 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 valued at $45,000 after buying an additional 1,181 shares in 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 valued at $167,000 after buying an additional 597 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in PGIM Active High Yield Bond ETF in the 3rd quarter worth $219,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL stock opened at $35.23 on Friday. The stock has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $35.54. The firm 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 firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1854 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.