Raymond James Financial Inc. Invests $1.67 Million in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Raymond James Financial Inc. purchased a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,181 shares of the company’s stock, valued at approximately $1,674,000. Raymond James Financial Inc. owned 1.32% of PGIM Active High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in PGIM Active High Yield Bond ETF by 35.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,351 shares of the company’s stock valued at $186,000 after purchasing an additional 1,395 shares during the period. Spectrum Planning & Advisory Services Inc. bought a new position in shares of PGIM Active High Yield Bond ETF during the fourth quarter valued at approximately $211,000. Flow Traders U.S. LLC purchased a new position in PGIM Active High Yield Bond ETF during the third quarter valued at approximately $240,000. Hilltop Holdings Inc. bought a new position in PGIM Active High Yield Bond ETF in the third quarter worth approximately $304,000. Finally, Alexander Labrunerie & CO. Inc. purchased a new stake in PGIM Active High Yield Bond ETF during the fourth quarter worth $319,000.

PGIM Active High Yield Bond ETF Trading Down 0.1 %

Shares of NYSEARCA:PHYL opened at $34.82 on Tuesday. The company has a market capitalization of $268.11 million, a PE ratio of 2.50 and a beta of 0.48. PGIM Active High Yield Bond ETF has a 12-month low of $33.91 and a 12-month high of $35.84. The business’s fifty day simple moving average is $35.12 and its 200-day simple moving average is $35.19.

PGIM Active High Yield Bond ETF Company 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.