Anchor Investment Management LLC Takes Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Anchor Investment Management LLC purchased a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, Holdings Channel reports. The firm purchased 2,475 shares of the company’s stock, valued at approximately $86,000.

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

PGIM Active High Yield Bond ETF Stock Down 0.0 %

NYSEARCA PHYL opened at $34.04 on Thursday. The firm has a market cap of $255.30 million, a P/E ratio of 2.43 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 52-week low of $32.98 and a 52-week high of $35.84. The business’s 50-day moving average price is $34.77 and its 200 day moving average price 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.