PNC Financial Services Group Inc. Grows Holdings in PGIM Active High Yield Bond ETF $PHYL

PNC Financial Services Group Inc. increased its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 52.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,200 shares of the company’s stock after purchasing an additional 129,671 shares during the period. PNC Financial Services Group Inc.’s holdings in PGIM Active High Yield Bond ETF were worth $13,449,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PHYL. Prudential Financial Inc. boosted its stake in shares of PGIM Active High Yield Bond ETF by 32.9% during the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock worth $66,656,000 after buying an additional 469,822 shares during the period. Vestmark Advisory Solutions Inc. increased its position in PGIM Active High Yield Bond ETF by 141.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 556,890 shares of the company’s stock valued at $19,764,000 after acquiring an additional 326,057 shares during the period. State of New Jersey Common Pension Fund D raised its stake in PGIM Active High Yield Bond ETF by 63.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 775,000 shares of the company’s stock valued at $27,505,000 after acquiring an additional 300,000 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in PGIM Active High Yield Bond ETF during the 2nd quarter valued at approximately $10,245,000. Finally, Inspire Advisors LLC acquired a new stake in PGIM Active High Yield Bond ETF during the 2nd quarter worth approximately $10,063,000.

PGIM Active High Yield Bond ETF Trading Up 0.1%

NYSEARCA:PHYL opened at $35.60 on Thursday. PGIM Active High Yield Bond ETF has a 12-month low of $32.98 and a 12-month high of $35.83. The stock’s 50 day simple moving average is $35.59 and its 200-day simple moving average is $35.54. The firm has a market cap of $918.48 million, a P/E ratio of 2.48 and a beta of 0.40.

PGIM Active High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.2058 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.9%. This is an increase from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15.

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.