PGIM Active High Yield Bond ETF $PHYL Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 13.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 327,513 shares of the company’s stock after purchasing an additional 37,804 shares during the quarter. Royal Bank of Canada owned about 0.91% of PGIM Active High Yield Bond ETF worth $11,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at about $33,000. Anchor Investment Management LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 20.3% in the first quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after purchasing an additional 622 shares during the period. Fifth Third Bancorp purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at about $139,000. Finally, Global Retirement Partners LLC increased its position in PGIM Active High Yield Bond ETF by 7.3% during the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock worth $160,000 after purchasing an additional 305 shares during the last quarter.

PGIM Active High Yield Bond ETF Trading Up 0.3%

PGIM Active High Yield Bond ETF stock opened at $34.82 on Friday. The company has a 50-day moving average price of $34.90 and a 200 day moving average price of $35.12. PGIM Active High Yield Bond ETF has a 12-month low of $34.44 and a 12-month high of $35.83. The stock has a market cap of $1.33 billion, a P/E 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.