PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Strong Trading Volume – Here’s What Happened

Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) saw unusually-high trading volume on Wednesday. 622,964 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 202,669 shares. The stock last traded at $33.5650 and had previously closed at $33.50.

PGIM Active High Yield Bond ETF Stock Up 0.4%

The company has a fifty day moving average of $33.96 and a 200 day moving average of $34.82. The company has a market cap of $1.53 billion, a P/E ratio of 2.48 and a beta of 0.42.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Latitude Advisors LLC purchased a new position in PGIM Active High Yield Bond ETF during the 3rd quarter valued at approximately $98,000. Anchor Investment Management LLC raised its holdings 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 in the last quarter. Fifth Third Bancorp purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $139,000. Town Capital LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $209,000. Finally, First National Bank & Trust Co. of Newtown purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $216,000.

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.