Envestnet Asset Management Inc. Sells 54,686 Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Envestnet Asset Management Inc. lowered its stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 20.5% during the second quarter, HoldingsChannel reports. The fund owned 211,898 shares of the company’s stock after selling 54,686 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of PGIM Active High Yield Bond ETF worth $7,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Citizens Financial Corp increased its holdings in PGIM Active High Yield Bond ETF by 2.3% in the 1st quarter. First Citizens Financial Corp now owns 33,283 shares of the company’s stock valued at $1,166,000 after buying an additional 754 shares during the period. Park Avenue Securities LLC increased its holdings in PGIM Active High Yield Bond ETF by 6.4% in the 1st quarter. Park Avenue Securities LLC now owns 32,192 shares of the company’s stock valued at $1,128,000 after buying an additional 1,928 shares during the period. Garden State Investment Advisory Services LLC increased its holdings in PGIM Active High Yield Bond ETF by 22.6% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 19,492 shares of the company’s stock valued at $678,000 after buying an additional 3,588 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in PGIM Active High Yield Bond ETF by 407.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,732 shares of the company’s stock valued at $165,000 after buying an additional 3,800 shares during the period. Finally, PFW Advisors LLC increased its holdings in PGIM Active High Yield Bond ETF by 6.7% in the 1st quarter. PFW Advisors LLC now owns 137,753 shares of the company’s stock valued at $4,825,000 after buying an additional 8,615 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

Shares of PGIM Active High Yield Bond ETF stock opened at $35.74 on Friday. The firm has a market capitalization of $130.45 million, a PE ratio of 2.47 and a beta of 0.32. The company’s fifty day moving average price is $35.15 and its two-hundred day moving average price is $34.71. PGIM Active High Yield Bond ETF has a 52-week low of $32.42 and a 52-week high of $35.79.

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.