TrustBank Invests $2.01 Million in PGIM Active High Yield Bond ETF $PHYL

TrustBank bought a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,748 shares of the company’s stock, valued at approximately $2,013,000. PGIM Active High Yield Bond ETF comprises 0.8% of TrustBank’s investment portfolio, making the stock its 15th largest position. TrustBank owned 0.22% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PHYL. Smartleaf Asset Management LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the second quarter worth $26,000. Montag A & Associates Inc. bought a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter worth $42,000. AE Wealth Management LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock worth $45,000 after purchasing an additional 1,181 shares during the last quarter. Stance Capital LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter worth $70,000. Finally, Anchor Investment Management LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 20.7% during the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock worth $109,000 after purchasing an additional 523 shares during the last quarter.

PGIM Active High Yield Bond ETF Stock Up 0.2%

PGIM Active High Yield Bond ETF stock opened at $35.18 on Wednesday. The business’s 50-day simple moving average is $35.03 and its 200 day simple moving average is $35.33. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 12-month low of $34.47 and a 12-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.