PGIM Active High Yield Bond ETF $PHYL Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 64.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,725,000 shares of the company’s stock after acquiring an additional 675,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 6.69% of PGIM Active High Yield Bond ETF worth $61,203,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF during the 2nd quarter valued at approximately $26,000. Montag A & Associates Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF in the 3rd quarter valued at approximately $42,000. AE Wealth Management LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 1,357.5% during 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 during the last quarter. Stance Capital LLC acquired a new stake in shares of PGIM Active High Yield Bond ETF during the third quarter worth approximately $70,000. Finally, Anchor Investment Management LLC grew its position 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 buying an additional 523 shares in the last quarter.

PGIM Active High Yield Bond ETF Trading Up 0.6%

Shares of NYSEARCA:PHYL opened at $35.21 on Thursday. The firm has a market cap of $1.27 billion, a PE ratio of 2.48 and a beta of 0.41. The company has a fifty day simple moving average of $35.13 and a 200 day simple moving average of $35.38. PGIM Active High Yield Bond ETF has a 12-month low of $34.36 and a 12-month high of $35.83.

PGIM Active High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1854 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, March 2nd.

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.