PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sees Large Volume Increase – Still a Buy?

by · The Cerbat Gem

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Get Free Report) saw strong trading volume on Friday. 480,057 shares were traded during trading, an increase of 142% from the previous session’s volume of 198,288 shares. The stock last traded at $33.5950 and had previously closed at $33.62.

PGIM Active High Yield Bond ETF Stock Performance

The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.41. The business’s 50-day simple moving average is $34.38 and its 200 day simple moving average is $34.78.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Large investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC increased its holdings in PGIM Active High Yield Bond ETF by 3.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock worth $330,000 after acquiring an additional 296 shares in the last quarter. Symphony Financial Services Inc. boosted its position in shares of PGIM Active High Yield Bond ETF by 8.5% in the first quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock worth $268,000 after purchasing an additional 603 shares during the period. Anchor Investment Management LLC increased its stake in shares of PGIM Active High Yield Bond ETF by 20.3% in the first quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after purchasing an additional 622 shares in the last quarter. InTrack Investment Management Inc lifted its stake in shares of PGIM Active High Yield Bond ETF by 1.9% during the 2nd quarter. InTrack Investment Management Inc now owns 41,729 shares of the company’s stock valued at $1,456,000 after buying an additional 774 shares in the last quarter. Finally, PFW Advisors LLC boosted its holdings in PGIM Active High Yield Bond ETF by 1.2% in the 3rd quarter. PFW Advisors LLC now owns 67,987 shares of the company’s stock worth $2,273,000 after buying an additional 803 shares during the period.

PGIM Active High Yield Bond ETF Company Profile

(Get Free Report)

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.

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