State of New Jersey Common Pension Fund D Grows Stock Position in PGIM Active High Yield Bond ETF $PHYL

State of New Jersey Common Pension Fund D boosted its holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 35.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,050,000 shares of the company’s stock after acquiring an additional 275,000 shares during the period. State of New Jersey Common Pension Fund D owned 8.05% of PGIM Active High Yield Bond ETF worth $37,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the second quarter valued at about $26,000. AE Wealth Management LLC lifted its stake in PGIM Active High Yield Bond ETF by 1,357.5% in the 3rd quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares in the last quarter. Mendota Financial Group LLC grew its holdings in PGIM Active High Yield Bond ETF by 14.6% during the 3rd quarter. Mendota Financial Group LLC now owns 4,676 shares of the company’s stock valued at $167,000 after buying an additional 597 shares during the last quarter. Private Trust Co. NA purchased a new position in PGIM Active High Yield Bond ETF during the third quarter worth $219,000. Finally, Jane Street Group LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the first quarter worth $216,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $35.60 on Friday. The company has a market capitalization of $918.48 million, a P/E ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 52-week low of $32.98 and a 52-week high of $35.83. The stock’s fifty day simple moving average is $35.58 and its 200-day simple moving average is $35.53.

PGIM Active High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2058 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.9%. This is an increase from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15.

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.