Gainline Financial Partners LLC Takes $3.71 Million Position in PGIM Active High Yield Bond ETF $PHYL

Gainline Financial Partners LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 106,216 shares of the company’s stock, valued at approximately $3,705,000. PGIM Active High Yield Bond ETF accounts for 3.5% of Gainline Financial Partners LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in PHYL. Thrivent Financial for Lutherans grew its holdings in PGIM Active High Yield Bond ETF by 538.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 376,538 shares of the company’s stock valued at $13,362,000 after buying an additional 317,591 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of PGIM Active High Yield Bond ETF by 105.9% in the first quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock worth $13,080,000 after buying an additional 194,237 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of PGIM Active High Yield Bond ETF by 50.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 564,884 shares of the company’s stock worth $20,042,000 after buying an additional 188,684 shares in the last quarter. Capital Analysts LLC boosted its position in shares of 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 acquiring an additional 141,466 shares during the period. Finally, KFA Private Wealth Group LLC bought 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 Trading Down 0.1%

Shares of NYSEARCA:PHYL opened at $34.52 on Friday. The company has a 50 day moving average of $34.80 and a 200 day moving average of $35.00. The stock has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 12 month low of $34.44 and a 12 month high of $35.83.

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.