PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sets New 1-Year Low – Here’s What Happened

Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $34.34 and last traded at $34.31, with a volume of 5723 shares changing hands. The stock had previously closed at $34.53.

PGIM Active High Yield Bond ETF Price Performance

The company has a market capitalization of $1.43 billion, a PE ratio of 2.48 and a beta of 0.39. The stock has a 50-day simple moving average of $34.77 and a 200 day simple moving average of $34.97.

Institutional Trading of PGIM Active High Yield Bond ETF

A number of large investors have recently made changes to their positions in PHYL. Kestra Private Wealth Services LLC raised its stake in PGIM Active High Yield Bond ETF by 3.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock valued at $330,000 after purchasing an additional 296 shares during the last quarter. 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 worth $160,000 after buying an additional 305 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of PGIM Active High Yield Bond ETF by 4.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,062 shares of the company’s stock valued at $499,000 after buying an additional 592 shares during the last quarter. Symphony Financial Services Inc. lifted its stake in shares of PGIM Active High Yield Bond ETF by 8.5% during the first quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock valued at $268,000 after buying an additional 603 shares during the period. Finally, PFG Advisors boosted its position in PGIM Active High Yield Bond ETF by 6.9% during the third quarter. PFG Advisors now owns 9,368 shares of the company’s stock worth $335,000 after acquiring an additional 608 shares during the last quarter.

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.