Envestnet Portfolio Solutions Inc. Grows Stock Holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Envestnet Portfolio Solutions Inc. lifted its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 42.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,731 shares of the company’s stock after purchasing an additional 5,928 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.54% of PGIM Active High Yield Bond ETF worth $685,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC raised its position in PGIM Active High Yield Bond ETF by 35.3% in the 4th quarter. Global Retirement Partners LLC now owns 5,351 shares of the company’s stock worth $186,000 after purchasing an additional 1,395 shares during the period. Spectrum Planning & Advisory Services Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth about $211,000. Flow Traders U.S. LLC bought a new stake in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at about $240,000. Ashton Thomas Private Wealth LLC purchased a new stake in PGIM Active High Yield Bond ETF during the 4th quarter valued at about $287,000. Finally, Hilltop Holdings Inc. bought a new position in PGIM Active High Yield Bond ETF during the 3rd quarter worth approximately $304,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL stock opened at $35.02 on Tuesday. PGIM Active High Yield Bond ETF has a fifty-two week low of $33.91 and a fifty-two week high of $35.84. The company has a market capitalization of $266.15 million, a P/E ratio of 2.51 and a beta of 0.48. The stock has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $35.21.

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.