Sax Wealth Advisors LLC Boosts Position in PGIM Active High Yield Bond ETF $PHYL

Sax Wealth Advisors LLC grew its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 43.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,832 shares of the company’s stock after buying an additional 27,027 shares during the quarter. Sax Wealth Advisors LLC’s holdings in PGIM Active High Yield Bond ETF were worth $3,211,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in shares of PGIM Active High Yield Bond ETF during the 2nd quarter valued at $26,000. Mendota Financial Group LLC raised its position in PGIM Active High Yield Bond ETF by 168.9% in the second quarter. Mendota Financial Group LLC now owns 4,079 shares of the company’s stock valued at $145,000 after purchasing an additional 2,562 shares during the period. Private Trust Co. NA acquired a new position in shares of PGIM Active High Yield Bond ETF during the third quarter worth about $219,000. Jane Street Group LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter worth about $216,000. Finally, KWB Wealth purchased a new stake in shares of PGIM Active High Yield Bond ETF in the second quarter worth about $233,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA:PHYL opened at $35.51 on Wednesday. The business’s 50-day simple moving average is $35.45 and its 200 day simple moving average is $35.46. The company has a market cap of $688.18 million, a P/E ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a one year low of $32.98 and a one year high of $35.83.

PGIM Active High Yield Bond ETF 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.