Austin Private Wealth LLC Purchases New Stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Austin Private Wealth LLC bought a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,730 shares of the company’s stock, valued at approximately $755,000. Austin Private Wealth LLC owned about 0.60% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Spectrum Planning & Advisory Services Inc. acquired a new position in PGIM Active High Yield Bond ETF in the 4th quarter worth about $211,000. Flow Traders U.S. LLC acquired a new position in PGIM Active High Yield Bond ETF in the 3rd quarter worth about $240,000. Hilltop Holdings Inc. acquired a new position in PGIM Active High Yield Bond ETF in the 3rd quarter worth about $304,000. Private Advisor Group LLC acquired a new position in PGIM Active High Yield Bond ETF in the 3rd quarter worth about $340,000. Finally, Austin Wealth Management LLC increased its position in PGIM Active High Yield Bond ETF by 28.8% in the 3rd quarter. Austin Wealth Management LLC now owns 9,617 shares of the company’s stock worth $341,000 after purchasing an additional 2,150 shares during the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $35.26 on Friday. The firm has a market cap of $128.70 million, a P/E ratio of 2.47 and a beta of 0.32. The stock’s 50-day moving average is $35.09 and its two-hundred day moving average is $35.16. PGIM Active High Yield Bond ETF has a fifty-two week low of $33.91 and a fifty-two week high of $35.84.

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.