21,321 Shares in PGIM Active High Yield Bond ETF $PHYL Bought by KWB Wealth

KWB Wealth purchased a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the second quarter, HoldingsChannel.com reports. The firm purchased 21,321 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new position in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new stake in PGIM Active High Yield Bond ETF during the 4th quarter worth approximately $33,000. Anchor Investment Management LLC increased its stake in PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of PGIM Active High Yield Bond ETF in the first quarter worth $139,000. Finally, Global Retirement Partners LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 7.3% during the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after buying an additional 305 shares during the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of PHYL stock opened at $34.74 on Tuesday. The business has a fifty day moving average of $34.90 and a 200 day moving average of $35.11. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 1 year low of $34.44 and a 1 year high of $35.83.

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.