Summit Wealth Group LLC Co. Acquires 83,812 Shares of PGIM Active High Yield Bond ETF $PHYL

Summit Wealth Group LLC Co. acquired a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 83,812 shares of the company’s stock, valued at approximately $2,802,000.

Other institutional investors also recently bought and sold shares of the company. Latitude Advisors LLC purchased a new stake in PGIM Active High Yield Bond ETF during the third quarter worth $98,000. Anchor Investment Management LLC grew its stake in PGIM Active High Yield Bond ETF by 20.3% in the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after acquiring an additional 622 shares during the last quarter. Fifth Third Bancorp acquired a new stake in PGIM Active High Yield Bond ETF in the 1st quarter valued at about $139,000. Town Capital LLC acquired a new stake in PGIM Active High Yield Bond ETF in the 1st quarter valued at about $209,000. Finally, First National Bank & Trust Co. of Newtown acquired a new stake in PGIM Active High Yield Bond ETF in the 1st quarter valued at about $216,000.

PGIM Active High Yield Bond ETF Trading Down 0.2%

NYSEARCA:PHYL opened at $33.49 on Tuesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 2.48 and a beta of 0.41. The firm has a 50-day moving average price of $33.99 and a two-hundred day moving average price of $34.83. PGIM Active High Yield Bond ETF has a twelve month low of $33.27 and a twelve month high of $35.76.

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.