Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $34.74 and last traded at $34.72. 18,464 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 16,718 shares. The stock had previously closed at $34.63.
PGIM Active High Yield Bond ETF Price Performance
The business has a 50-day moving average of $34.59 and a 200 day moving average of $34.56. The company has a market capitalization of $126.73 million, a PE ratio of 2.47 and a beta of 0.32.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PHYL. Newbridge Financial Services Group Inc. increased its stake in PGIM Active High Yield Bond ETF by 407.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,732 shares of the company’s stock worth $165,000 after acquiring an additional 3,800 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its stake in PGIM Active High Yield Bond ETF by 7.7% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 6,965 shares of the company’s stock worth $240,000 after purchasing an additional 499 shares during the last quarter. CWM LLC purchased a new position in PGIM Active High Yield Bond ETF during the 4th quarter valued at $288,000. Truist Financial Corp bought a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth about $461,000. Finally, Raymond James & Associates purchased a new position in PGIM Active High Yield Bond ETF in the 4th quarter worth about $487,000.
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.
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