Baer Investment Advisory LLC Makes New Investment in PGIM Active High Yield Bond ETF $PHYL

Baer Investment Advisory LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the first quarter, Holdings Channel.com reports. The firm acquired 46,375 shares of the company’s stock, valued at approximately $1,606,000.

Several other hedge funds have also made changes to their positions in PHYL. Smartleaf Asset Management LLC bought a new position in PGIM Active High Yield Bond ETF during the second quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF in the 4th quarter worth approximately $33,000. Montag A & Associates Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter worth approximately $42,000. Stance Capital LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter worth approximately $70,000. Finally, Anchor Investment Management LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% during the 3rd quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after purchasing an additional 523 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

PHYL opened at $34.96 on Friday. The stock has a market cap of $1.33 billion, a PE ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 1 year low of $34.47 and a 1 year high of $35.83. The stock’s 50 day simple moving average is $35.06 and its 200-day simple moving average is $35.25.

About PGIM Active High Yield Bond ETF

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.