Turner Financial Group Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 54,769 shares of the company’s stock, valued at approximately $1,910,000. PGIM Active High Yield Bond ETF accounts for 1.9% of Turner Financial Group Inc.’s investment portfolio, making the stock its 9th biggest holding. Turner Financial Group Inc. owned about 0.14% of PGIM Active High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hoxton Planning & Management LLC lifted its position in PGIM Active High Yield Bond ETF by 69.3% in the first quarter. Hoxton Planning & Management LLC now owns 37,391 shares of the company’s stock valued at $1,295,000 after buying an additional 15,307 shares during the last quarter. Keenan LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter valued at about $2,114,000. KFA Private Wealth Group LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the first quarter valued at about $4,891,000. MRA Advisory Group raised its stake in shares of PGIM Active High Yield Bond ETF by 47.2% in the 1st quarter. MRA Advisory Group now owns 51,714 shares of the company’s stock valued at $1,791,000 after acquiring an additional 16,589 shares during the period. Finally, Clarity Retirement & Wealth LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at approximately $2,230,000.
PGIM Active High Yield Bond ETF Stock Performance
Shares of PHYL stock opened at $34.52 on Friday. The firm’s 50 day moving average price is $34.80 and its 200-day moving average price is $35.00. PGIM Active High Yield Bond ETF has a one year low of $34.44 and a one year high of $35.83. The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39.
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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