PGIM Active High Yield Bond ETF $PHYL Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 54.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,807 shares of the company’s stock after selling 302,083 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in PGIM Active High Yield Bond ETF were worth $9,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Prudential Financial Inc. grew its holdings in shares of PGIM Active High Yield Bond ETF by 32.9% during the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock valued at $66,656,000 after purchasing an additional 469,822 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in PGIM Active High Yield Bond ETF by 35.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,050,000 shares of the company’s stock worth $37,538,000 after buying an additional 275,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in PGIM Active High Yield Bond ETF by 32.5% in the third quarter. Envestnet Asset Management Inc. now owns 902,039 shares of the company’s stock valued at $32,248,000 after buying an additional 221,242 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of PGIM Active High Yield Bond ETF by 52.6% during the third quarter. PNC Financial Services Group Inc. now owns 376,200 shares of the company’s stock valued at $13,449,000 after acquiring an additional 129,671 shares during the period. Finally, Inspire Advisors LLC grew its position in shares of PGIM Active High Yield Bond ETF by 13.1% during the third quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock worth $11,463,000 after acquiring an additional 37,113 shares during the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $35.66 on Monday. The business has a 50 day simple moving average of $35.60 and a 200 day simple moving average of $35.54. The firm has a market capitalization of $920.03 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 12-month low of $32.98 and a 12-month high of $35.83.

PGIM Active High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2058 per share. This is a boost from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.