PGIM Active High Yield Bond ETF $PHYL Stock: Fifth Third Bancorp Raises Holdings

Fifth Third Bancorp increased its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 30,081.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427,604 shares of the company’s stock after buying an additional 1,422,874 shares during the quarter. Fifth Third Bancorp owned about 3.13% of PGIM Active High Yield Bond ETF worth $47,725,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Milestone Asset Management LLC raised its stake in PGIM Active High Yield Bond ETF by 2.8% during the 3rd quarter. Milestone Asset Management LLC now owns 11,136 shares of the company’s stock valued at $372,000 after acquiring an additional 305 shares in the last quarter. Global Assets Advisory LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 0.9% in the third quarter. Global Assets Advisory LLC now owns 34,093 shares of the company’s stock worth $1,140,000 after purchasing an additional 308 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 4.2% in the third quarter. Kestra Advisory Services LLC now owns 9,049 shares of the company’s stock worth $304,000 after purchasing an additional 364 shares in the last quarter. KWB Wealth increased its holdings in shares of PGIM Active High Yield Bond ETF by 2.5% during the third quarter. KWB Wealth now owns 21,855 shares of the company’s stock valued at $731,000 after purchasing an additional 534 shares during the period. Finally, Symphony Financial Services Inc. increased its holdings 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 purchasing an additional 603 shares during the period.

PGIM Active High Yield Bond ETF Stock Down 0.5%

Shares of NYSEARCA PHYL opened at $33.49 on Friday. PGIM Active High Yield Bond ETF has a fifty-two week low of $33.27 and a fifty-two week high of $35.76. The firm’s 50-day simple moving average is $33.81 and its 200 day simple moving average is $34.74. The stock has a market cap of $1.59 billion, a P/E ratio of 2.48 and a beta of 0.42.

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.