PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Reaches New 52-Week Low – Here’s What Happened

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $34.15 and last traded at $34.1460, with a volume of 20740 shares trading hands. The stock had previously closed at $34.31.

PGIM Active High Yield Bond ETF Trading Down 0.4%

The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39. The firm’s 50 day moving average is $34.61 and its two-hundred day moving average is $34.87.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in PGIM Active High Yield Bond ETF by 105.9% during the 1st quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock worth $13,080,000 after purchasing an additional 194,237 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in PGIM Active High Yield Bond ETF by 28.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 723,228 shares of the company’s stock worth $25,045,000 after buying an additional 158,344 shares during the period. Envestnet Asset Management Inc. lifted its stake in PGIM Active High Yield Bond ETF by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,515,098 shares of the company’s stock valued at $52,847,000 after buying an additional 155,091 shares in the last quarter. Capital Analysts LLC lifted its stake in PGIM Active High Yield Bond ETF by 67.4% in the fourth quarter. Capital Analysts LLC now owns 351,208 shares of the company’s stock valued at $12,461,000 after buying an additional 141,466 shares in the last quarter. Finally, KFA Private Wealth Group LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the first quarter valued at approximately $4,891,000.

PGIM Active High Yield Bond ETF Company 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.