PNC Financial Services Group Inc. Purchases 158,344 Shares of PGIM Active High Yield Bond ETF $PHYL

PNC Financial Services Group Inc. grew its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 723,228 shares of the company’s stock after buying an additional 158,344 shares during the quarter. PNC Financial Services Group Inc. owned 2.01% of PGIM Active High Yield Bond ETF worth $25,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PHYL. Royal Bank of Canada lifted its position in PGIM Active High Yield Bond ETF by 261.3% in the 1st quarter. Royal Bank of Canada now owns 8,719 shares of the company’s stock valued at $304,000 after acquiring an additional 6,306 shares in the last quarter. Jane Street Group LLC purchased a new stake in PGIM Active High Yield Bond ETF during the 1st quarter valued at $216,000. MML Investors Services LLC boosted its stake in PGIM Active High Yield Bond ETF by 3.7% during the 2nd quarter. MML Investors Services LLC now owns 228,990 shares of the company’s stock valued at $8,127,000 after purchasing an additional 8,259 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter worth $26,000. Finally, PFG Advisors increased its holdings in shares of PGIM Active High Yield Bond ETF by 6.9% in the 3rd quarter. PFG Advisors now owns 9,368 shares of the company’s stock worth $335,000 after purchasing an additional 608 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $34.66 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 1 year low of $34.47 and a 1 year high of $35.83. The stock’s fifty day moving average price is $34.97 and its 200-day moving average price is $35.19.

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.