MRA Advisory Group Makes New Investment in PGIM Active High Yield Bond ETF $PHYL

MRA Advisory Group bought a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,125 shares of the company’s stock, valued at approximately $1,246,000. MRA Advisory Group owned about 0.14% of PGIM Active High Yield Bond ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans bought a new stake in PGIM Active High Yield Bond ETF during the second quarter worth $10,245,000. State of New Jersey Common Pension Fund D grew its stake in 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 valued at $37,538,000 after purchasing an additional 275,000 shares during the period. Envestnet Asset Management Inc. grew its stake in 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 valued at $32,248,000 after purchasing an additional 221,242 shares during the period. Foguth Wealth Management LLC. purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at $6,062,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter valued at $5,760,000.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA PHYL opened at $34.81 on Friday. The business’s fifty day moving average is $35.28 and its 200-day moving average is $35.44. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a one year low of $32.98 and a one year high of $35.83.

PGIM Active High Yield Bond ETF Cuts Dividend

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