JT Stratford LLC Acquires Shares of 16,600 PGIM Active High Yield Bond ETF $PHYL

JT Stratford LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYLFree Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 16,600 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHYL. Smartleaf Asset Management LLC purchased a new position in PGIM Active High Yield Bond ETF during the second quarter valued at $26,000. Montag A & Associates Inc. bought a new position in shares of PGIM Active High Yield Bond ETF during the 3rd quarter valued at about $42,000. AE Wealth Management LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after purchasing an additional 1,181 shares during the last quarter. Mendota Financial Group LLC grew its position in shares of PGIM Active High Yield Bond ETF by 14.6% during the third quarter. Mendota Financial Group LLC now owns 4,676 shares of the company’s stock valued at $167,000 after purchasing an additional 597 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $216,000.

PGIM Active High Yield Bond ETF Trading Down 0.3%

NYSEARCA:PHYL opened at $35.23 on Friday. The business’s 50-day moving average is $35.59 and its 200 day moving average is $35.54. PGIM Active High Yield Bond ETF has a 12 month low of $32.98 and a 12 month high of $35.83. The company has a market capitalization of $1.24 billion, a P/E ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1854 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, March 2nd.

About PGIM Active High Yield Bond ETF

(Free Report)

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.

See Also

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:PHYLFree Report).

Institutional Ownership by Quarter for PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Receive News & Ratings for PGIM Active High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGIM Active High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.