Thrivent Financial for Lutherans Trims Holdings in PGIM Active High Yield Bond ETF $PHYL

Thrivent Financial for Lutherans decreased its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 79.6% during the third quarter, HoldingsChannel.com reports. The firm owned 58,947 shares of the company’s stock after selling 229,733 shares during the period. Thrivent Financial for Lutherans’ holdings in PGIM Active High Yield Bond ETF were worth $2,107,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PHYL. Prudential Financial Inc. increased its position in shares of PGIM Active High Yield Bond ETF by 32.9% during the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock valued at $66,656,000 after buying an additional 469,822 shares during the period. State of New Jersey Common Pension Fund D grew its stake in PGIM Active High Yield Bond ETF by 63.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 775,000 shares of the company’s stock valued at $27,505,000 after acquiring an additional 300,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in PGIM Active High Yield Bond ETF by 21.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 680,797 shares of the company’s stock worth $24,161,000 after acquiring an additional 122,156 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in PGIM Active High Yield Bond ETF by 141.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 556,890 shares of the company’s stock worth $19,764,000 after acquiring an additional 326,057 shares during the period. Finally, Inspire Advisors LLC lifted its stake in PGIM Active High Yield Bond ETF by 13.1% in the 3rd quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock worth $11,463,000 after purchasing an additional 37,113 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $35.59 on Wednesday. The firm has a fifty day moving average price of $35.57 and a two-hundred day moving average price of $35.53. The company has a market cap of $918.22 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a one year low of $32.98 and a one year high of $35.83.

PGIM Active High Yield Bond ETF Increases Dividend

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

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.