Foguth Wealth Management LLC. Buys New Position in PGIM Active High Yield Bond ETF $PHYL

Foguth Wealth Management LLC. bought a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 170,817 shares of the company’s stock, valued at approximately $6,062,000.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of PGIM Active High Yield Bond ETF by 32.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock worth $66,656,000 after acquiring an additional 469,822 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of PGIM Active High Yield Bond ETF by 35.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,050,000 shares of the company’s stock worth $37,538,000 after purchasing an additional 275,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of PGIM Active High Yield Bond ETF by 32.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 902,039 shares of the company’s stock worth $32,248,000 after purchasing an additional 221,242 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in PGIM Active High Yield Bond ETF by 52.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 376,200 shares of the company’s stock worth $13,449,000 after purchasing an additional 129,671 shares during the period. Finally, Inspire Advisors LLC raised its holdings in PGIM Active High Yield Bond ETF by 13.1% in the 3rd quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock worth $11,463,000 after purchasing an additional 37,113 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

NYSEARCA PHYL opened at $34.90 on Friday. The business’s fifty day moving average is $35.48 and its 200 day moving average is $35.50. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.83. The company has a market capitalization of $1.25 billion, a PE ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1854 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.