Foguth Wealth Management LLC. Lowers Stock Position in PGIM Active High Yield Bond ETF $PHYL

Foguth Wealth Management LLC. cut its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 26.0% in the first quarter, HoldingsChannel reports. The fund owned 126,360 shares of the company’s stock after selling 44,457 shares during the period. Foguth Wealth Management LLC.’s holdings in PGIM Active High Yield Bond ETF were worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RFG Advisory LLC raised its stake in PGIM Active High Yield Bond ETF by 145.1% during the 4th quarter. RFG Advisory LLC now owns 223,177 shares of the company’s stock worth $7,918,000 after acquiring an additional 132,135 shares during the period. Fifth Third Securities Inc. boosted its position in shares of PGIM Active High Yield Bond ETF by 17.4% in the fourth quarter. Fifth Third Securities Inc. now owns 132,918 shares of the company’s stock worth $4,716,000 after purchasing an additional 19,653 shares during the period. Keenan LLC bought a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth approximately $2,114,000. Hoxton Planning & Management LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 69.3% in the first quarter. Hoxton Planning & Management LLC now owns 37,391 shares of the company’s stock worth $1,295,000 after purchasing an additional 15,307 shares during the period. Finally, KFA Private Wealth Group LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth $4,891,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $34.54 on Friday. The company 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 has a one year low of $34.44 and a one year high of $35.83. The company’s fifty day moving average price is $34.94 and its 200-day moving average price is $35.15.

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.