Breakwater Capital Group Buys Shares of 29,473 PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Breakwater Capital Group purchased a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,473 shares of the company’s stock, valued at approximately $1,026,000. Breakwater Capital Group owned 0.38% of PGIM Active High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised 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 valued at $3,504,000 after purchasing an additional 65,442 shares in the last quarter. Goodwin Investment Advisory acquired a new position in PGIM Active High Yield Bond ETF during the 4th quarter valued at about $8,231,000. 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 buying an additional 5,928 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 4th quarter worth approximately $11,601,000. Finally, Global Retirement Partners LLC boosted 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 acquiring an additional 1,395 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

NYSEARCA PHYL opened at $34.90 on Thursday. PGIM Active High Yield Bond ETF has a 12 month low of $32.98 and a 12 month high of $35.84. The firm has a market capitalization of $287.23 million, a PE ratio of 2.48 and a beta of 0.41. The company’s 50 day simple moving average is $34.44 and its 200 day simple moving average is $34.88.

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.