LPL Financial LLC Increases Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

LPL Financial LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 339.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,810 shares of the company’s stock after purchasing an additional 194,477 shares during the quarter. LPL Financial LLC owned approximately 6.90% of PGIM Active High Yield Bond ETF worth $8,748,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PHYL. Goodwin Investment Advisory acquired a new position in PGIM Active High Yield Bond ETF during the fourth quarter worth $8,231,000. PNC Financial Services Group Inc. increased its stake in shares of PGIM Active High Yield Bond ETF by 184.8% during the fourth 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 in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of 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 lifted its stake 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 valued at $186,000 after buying an additional 1,395 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in PGIM Active High Yield Bond ETF in the 4th quarter worth about $1,674,000.

PGIM Active High Yield Bond ETF Trading Down 1.8 %

NYSEARCA:PHYL opened at $33.78 on Friday. The firm has a market cap of $260.11 million, a P/E ratio of 2.50 and a beta of 0.48. The stock has a 50 day moving average of $35.06 and a two-hundred day moving average of $35.17. PGIM Active High Yield Bond ETF has a 12 month low of $33.71 and a 12 month high of $35.84.

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.