PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Hits New 52-Week Low – Here’s Why

Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYLGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $34.15 and last traded at $34.15, with a volume of 115702 shares. The stock had previously closed at $34.22.

PGIM Active High Yield Bond ETF Price Performance

The stock has a market cap of $1.43 billion, a P/E ratio of 2.48 and a beta of 0.39. The stock’s 50 day simple moving average is $34.69 and its two-hundred day simple moving average is $34.91.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. acquired a new position in PGIM Active High Yield Bond ETF during the 4th quarter worth approximately $33,000. Anchor Investment Management LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after acquiring an additional 622 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $139,000. Global Retirement Partners LLC raised its holdings in shares of PGIM Active High Yield Bond ETF by 7.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after purchasing an additional 305 shares during the last quarter. Finally, Town Capital LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at approximately $209,000.

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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