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

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $33.74 and last traded at $33.79, with a volume of 142826 shares changing hands. The stock had previously closed at $33.95.

PGIM Active High Yield Bond ETF Price Performance

The stock’s 50-day moving average price is $34.52 and its 200 day moving average price is $34.83. The firm has a market cap of $1.40 billion, a P/E ratio of 2.48 and a beta of 0.39.

Institutional Investors Weigh In On PGIM Active High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHYL. Kestra Private Wealth Services LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 3.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock valued at $330,000 after acquiring an additional 296 shares in the last quarter. Symphony Financial Services Inc. raised its holdings in PGIM Active High Yield Bond ETF by 8.5% during the first quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock worth $268,000 after acquiring an additional 603 shares in the last quarter. Anchor Investment Management LLC boosted its position in PGIM Active High Yield Bond ETF by 20.3% during the first quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after purchasing an additional 622 shares during the last quarter. InTrack Investment Management Inc boosted its position in PGIM Active High Yield Bond ETF by 1.9% during the second quarter. InTrack Investment Management Inc now owns 41,729 shares of the company’s stock valued at $1,456,000 after purchasing an additional 774 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in PGIM Active High Yield Bond ETF in the fourth quarter valued at approximately $33,000.

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.