Foguth Wealth Management LLC. Makes New $6.06 Million Investment in PGIM Active High Yield Bond ETF $PHYL

Foguth Wealth Management LLC. purchased a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 170,817 shares of the company’s stock, valued at approximately $6,062,000. Foguth Wealth Management LLC. owned about 0.66% of PGIM Active High Yield Bond ETF as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in PGIM Active High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Montag A & Associates Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter worth $42,000. AE Wealth Management LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 1,357.5% in the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock worth $45,000 after purchasing an additional 1,181 shares during the last quarter. Stance Capital LLC purchased a new position in shares of PGIM Active High Yield Bond ETF in the third quarter worth $70,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% during the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after purchasing an additional 523 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

PGIM Active High Yield Bond ETF stock opened at $34.90 on Friday. PGIM Active High Yield Bond ETF has a one year low of $32.98 and a one year high of $35.83. The stock has a market capitalization of $1.25 billion, a PE ratio of 2.48 and a beta of 0.40. The business’s fifty day moving average is $35.48 and its 200 day moving average is $35.50.

PGIM Active High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1854 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.4%.

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.