Bank of Montreal Can Takes $404,000 Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Bank of Montreal Can acquired a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,695 shares of the company’s stock, valued at approximately $404,000.

Several other hedge funds have also recently bought and sold shares of the stock. Fifth Third Securities Inc. acquired a new position in PGIM Active High Yield Bond ETF in the 2nd quarter valued at $2,322,000. Foguth Wealth Management LLC. bought a new position in PGIM Active High Yield Bond ETF in the second quarter valued at about $1,251,000. Envestnet Portfolio Solutions Inc. acquired a new position in PGIM Active High Yield Bond ETF in the 1st quarter valued at approximately $679,000. Adams Wealth Management lifted its holdings in PGIM Active High Yield Bond ETF by 23.1% during the 1st quarter. Adams Wealth Management now owns 93,238 shares of the company’s stock worth $3,266,000 after buying an additional 17,473 shares during the period. Finally, PFW Advisors LLC lifted its position in shares of 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 worth $4,825,000 after purchasing an additional 8,615 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

NYSEARCA:PHYL opened at $35.31 on Friday. PGIM Active High Yield Bond ETF has a 52 week low of $32.42 and a 52 week high of $35.84. The firm’s fifty day moving average is $35.25 and its 200-day moving average is $34.75. The firm has a market cap of $128.88 million, a P/E ratio of 2.47 and a beta of 0.32.

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.