Connecticut Capital Management Group LLC Buys Shares of 33,980 PGIM Active High Yield Bond ETF $PHYL

Connecticut Capital Management Group LLC bought a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 4th quarter, Holdings Channel reports. The firm bought 33,980 shares of the company’s stock, valued at approximately $1,206,000. PGIM Active High Yield Bond ETF makes up 1.2% of Connecticut Capital Management Group LLC’s investment portfolio, making the stock its 20th biggest holding.

Several other large investors have also modified their holdings of PHYL. Royal Bank of Canada boosted its position in shares of PGIM Active High Yield Bond ETF by 261.3% during the first quarter. Royal Bank of Canada now owns 8,719 shares of the company’s stock valued at $304,000 after buying an additional 6,306 shares during the period. Jane Street Group LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at approximately $216,000. MML Investors Services LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 3.7% in the second quarter. MML Investors Services LLC now owns 228,990 shares of the company’s stock valued at $8,127,000 after purchasing an additional 8,259 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the second quarter valued at approximately $26,000. Finally, Bensler LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the third quarter valued at approximately $226,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA PHYL opened at $35.16 on Thursday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 2.48 and a beta of 0.40. The stock has a 50 day moving average price of $35.04 and a 200 day moving average price of $35.32. PGIM Active High Yield Bond ETF has a 52-week low of $34.47 and a 52-week high of $35.83.

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.