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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $34.34 and last traded at $34.31, with a volume of 5723 shares. The stock had previously closed at $34.53.

PGIM Active High Yield Bond ETF Stock Performance

The business has a fifty day simple moving average of $34.74 and a 200 day simple moving average of $34.96. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. bought a new stake in PGIM Active High Yield Bond ETF in the 4th quarter valued at about $33,000. Anchor Investment Management LLC grew its position 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 purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter worth approximately $139,000. Finally, Global Retirement Partners LLC increased its holdings in shares of PGIM Active High Yield Bond ETF by 7.3% during the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock worth $160,000 after purchasing an additional 305 shares during the period.

About PGIM Active High Yield Bond ETF

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.