Anchor Investment Management LLC Buys Shares of 2,475 PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Anchor Investment Management LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,475 shares of the company’s stock, valued at approximately $86,000. Anchor Investment Management LLC owned about 0.07% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Goodwin Investment Advisory acquired a new stake in PGIM Active High Yield Bond ETF in the 4th quarter valued at approximately $8,231,000. PNC Financial Services Group Inc. grew its stake in shares of PGIM Active High Yield Bond ETF by 184.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 100,863 shares of the company’s stock valued at $3,504,000 after buying an additional 65,442 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of PGIM Active High Yield Bond ETF by 42.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,731 shares of the company’s stock valued at $685,000 after buying an additional 5,928 shares during the period. Global Retirement Partners LLC lifted its stake in PGIM Active High Yield Bond ETF by 35.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,351 shares of the company’s stock worth $186,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in PGIM Active High Yield Bond ETF during the 4th quarter valued at about $1,674,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $34.04 on Thursday. The firm has a market capitalization of $255.30 million, a PE ratio of 2.43 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 1 year low of $32.98 and a 1 year high of $35.84. The firm’s 50-day moving average is $34.77 and its two-hundred day moving average is $35.04.

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.