Sax Wealth Advisors LLC raised its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) by 13.7% in the 3rd quarter, Holdings Channel reports. The firm owned 125,484 shares of the company’s stock after acquiring an additional 15,137 shares during the period. Sax Wealth Advisors LLC’s holdings in PGIM Active High Yield Bond ETF were worth $4,195,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in PHYL. Anchor Investment Management LLC grew its position in shares of PGIM Active High Yield Bond ETF by 20.3% during 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 in the last quarter. Fifth Third Bancorp bought a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $139,000. Town Capital LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $209,000. First National Bank & Trust Co. of Newtown purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $216,000. Finally, Uptick Partners LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $252,000.
PGIM Active High Yield Bond ETF Stock Down 0.3%
PGIM Active High Yield Bond ETF stock traded down $0.09 during midday trading on Tuesday, reaching $33.56. 80,932 shares of the stock traded hands, compared to its average volume of 199,738. The stock’s fifty day moving average is $34.35 and its 200-day moving average is $34.76. PGIM Active High Yield Bond ETF has a 12 month low of $33.27 and a 12 month high of $35.76. The stock has a market cap of $1.47 billion, a P/E ratio of 2.48 and a beta of 0.41.
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.
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Want to see what other hedge funds are holding PHYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report).
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