Mendota Financial Group LLC raised its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) by 198.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,016 shares of the company’s stock after purchasing an additional 18,626 shares during the quarter. PGIM Active High Yield Bond ETF comprises approximately 0.6% of Mendota Financial Group LLC’s holdings, making the stock its 22nd biggest holding. Mendota Financial Group LLC owned approximately 0.07% of PGIM Active High Yield Bond ETF worth $977,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Sax Wealth Advisors LLC increased its holdings in shares of PGIM Active High Yield Bond ETF by 6.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 110,347 shares of the company’s stock worth $3,821,000 after buying an additional 6,331 shares during the last quarter. First Citizens Financial Corp grew its position in PGIM Active High Yield Bond ETF by 14.3% during the second quarter. First Citizens Financial Corp now owns 73,581 shares of the company’s stock valued at $2,567,000 after acquiring an additional 9,182 shares during the period. Town Capital LLC purchased a new stake in PGIM Active High Yield Bond ETF during the first quarter valued at about $209,000. Alexander Labrunerie & CO. Inc. increased its stake in PGIM Active High Yield Bond ETF by 24.3% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 11,746 shares of the company’s stock worth $407,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in PGIM Active High Yield Bond ETF during the first quarter worth about $316,000.
PGIM Active High Yield Bond ETF Trading Down 0.2%
PHYL stock opened at $34.74 on Tuesday. The firm has a 50 day simple moving average of $34.90 and a 200-day simple moving average of $35.11. The company has a market capitalization of $1.32 billion, a P/E ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a twelve month low of $34.44 and a twelve month high of $35.83.
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.
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