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

Royal Bank of Canada boosted its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 13.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 327,513 shares of the company’s stock after buying an additional 37,804 shares during the quarter. Royal Bank of Canada’s holdings in PGIM Active High Yield Bond ETF were worth $11,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHYL. Jane Street Group LLC purchased a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth $216,000. MML Investors Services LLC lifted its position in 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 buying an additional 8,259 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in PGIM Active High Yield Bond ETF in the second quarter valued at about $26,000. PFG Advisors lifted its position in PGIM Active High Yield Bond ETF by 6.9% in the third quarter. PFG Advisors now owns 9,368 shares of the company’s stock valued at $335,000 after buying an additional 608 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in PGIM Active High Yield Bond ETF during the third quarter worth about $316,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $34.82 on Friday. PGIM Active High Yield Bond ETF has a 1-year low of $34.44 and a 1-year high of $35.83. The firm has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39. The company has a 50-day moving average of $34.90 and a two-hundred day moving average of $35.12.

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.