PNC Financial Services Group Inc. Acquires 158,344 Shares of PGIM Active High Yield Bond ETF $PHYL

PNC Financial Services Group Inc. increased its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 723,228 shares of the company’s stock after buying an additional 158,344 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PGIM Active High Yield Bond ETF were worth $25,045,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in PGIM Active High Yield Bond ETF during the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter worth $33,000. Anchor Investment Management LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after acquiring an additional 622 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter valued at $139,000. Finally, Global Retirement Partners LLC grew its position in shares of PGIM Active High Yield Bond ETF by 7.3% during the 4th quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after acquiring an additional 305 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA:PHYL opened at $34.66 on Friday. PGIM Active High Yield Bond ETF has a one year low of $34.47 and a one year high of $35.83. The business has a fifty day moving average price of $34.97 and a 200-day moving average price of $35.19. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39.

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.