PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Reaches New 12-Month Low – Here’s Why

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $34.47 and last traded at $34.47, with a volume of 2779 shares traded. The stock had previously closed at $34.77.

PGIM Active High Yield Bond ETF Price Performance

The company has a market capitalization of $1.31 billion, a PE ratio of 2.48 and a beta of 0.39. The business’s 50 day simple moving average is $34.95 and its 200 day simple moving average is $35.16.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PHYL. State of New Jersey Common Pension Fund D lifted its holdings in shares of PGIM Active High Yield Bond ETF by 64.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,725,000 shares of the company’s stock worth $61,203,000 after acquiring an additional 675,000 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in PGIM Active High Yield Bond ETF by 538.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 376,538 shares of the company’s stock valued at $13,362,000 after purchasing an additional 317,591 shares during the last quarter. Cetera Investment Advisers increased its holdings in PGIM Active High Yield Bond ETF by 105.9% in the 1st quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock valued at $13,080,000 after purchasing an additional 194,237 shares during the last quarter. PNC Financial Services Group Inc. raised its position in 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 valued at $20,042,000 after purchasing an additional 188,684 shares during the period. Finally, Capital Analysts LLC raised its position 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 purchasing an additional 141,466 shares during the period.

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.