PNC Financial Services Group Inc. Raises Holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

PNC Financial Services Group Inc. grew its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 3,593.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 35,421 shares of the company’s stock after buying an additional 34,462 shares during the quarter. PNC Financial Services Group Inc. owned 0.97% of PGIM Active High Yield Bond ETF worth $1,268,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PHYL. Private Advisor Group LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 3rd quarter worth approximately $340,000. Austin Wealth Management LLC boosted its stake in PGIM Active High Yield Bond ETF by 28.8% in the third quarter. Austin Wealth Management LLC now owns 9,617 shares of the company’s stock valued at $341,000 after acquiring an additional 2,150 shares in the last quarter. Bank of Montreal Can acquired a new position in PGIM Active High Yield Bond ETF in the second quarter valued at $404,000. Rovin Capital UT ADV grew its holdings in shares of PGIM Active High Yield Bond ETF by 2.2% during the third quarter. Rovin Capital UT ADV now owns 23,280 shares of the company’s stock worth $833,000 after purchasing an additional 492 shares during the last quarter. Finally, First Citizens Financial Corp increased its position in shares of PGIM Active High Yield Bond ETF by 2.3% during the first quarter. First Citizens Financial Corp now owns 33,283 shares of the company’s stock worth $1,166,000 after purchasing an additional 754 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

Shares of NYSEARCA:PHYL opened at $35.44 on Thursday. PGIM Active High Yield Bond ETF has a one year low of $33.72 and a one year high of $35.84. The stock has a market capitalization of $129.34 million, a price-to-earnings ratio of 2.47 and a beta of 0.32. The company has a 50-day simple moving average of $35.37 and a 200-day simple moving average of $34.96.

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.