PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Unusually-High Trading Volume – Time to Buy?

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) shares saw an uptick in trading volume on Wednesday. 622,964 shares traded hands during trading, an increase of 207% from the average daily volume of 202,669 shares. The stock last traded at $33.5650 and had previously closed at $33.50.

PGIM Active High Yield Bond ETF Stock Up 0.4%

The business’s 50 day moving average is $33.96 and its two-hundred day moving average is $34.82. The firm has a market cap of $1.53 billion, a P/E ratio of 2.48 and a beta of 0.42.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Milestone Asset Management LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 2.8% in the third quarter. Milestone Asset Management LLC now owns 11,136 shares of the company’s stock worth $372,000 after acquiring an additional 305 shares during the last quarter. Global Assets Advisory LLC raised its position in shares of PGIM Active High Yield Bond ETF by 0.9% in the 3rd quarter. Global Assets Advisory LLC now owns 34,093 shares of the company’s stock worth $1,140,000 after purchasing an additional 308 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in PGIM Active High Yield Bond ETF by 4.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 9,049 shares of the company’s stock worth $304,000 after purchasing an additional 364 shares in the last quarter. KWB Wealth boosted its stake in PGIM Active High Yield Bond ETF by 2.5% in the 3rd quarter. KWB Wealth now owns 21,855 shares of the company’s stock worth $731,000 after purchasing an additional 534 shares in the last quarter. Finally, Symphony Financial Services Inc. boosted its stake in PGIM Active High Yield Bond ETF by 8.5% in the 1st quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock worth $268,000 after purchasing an additional 603 shares in the last quarter.

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.