Turner Financial Group Inc. bought a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 54,769 shares of the company’s stock, valued at approximately $1,910,000. PGIM Active High Yield Bond ETF comprises approximately 1.9% of Turner Financial Group Inc.’s portfolio, making the stock its 9th largest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PHYL. Smartleaf Asset Management LLC acquired a new position in shares of PGIM Active High Yield Bond ETF in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth $33,000. Anchor Investment Management LLC increased its position in shares of 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 worth $128,000 after acquiring an additional 622 shares during the period. Fifth Third Bancorp acquired a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at $139,000. Finally, Global Retirement Partners LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 7.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after acquiring an additional 305 shares in the last quarter.
PGIM Active High Yield Bond ETF Trading Down 0.1%
NYSEARCA:PHYL opened at $34.52 on Friday. PGIM Active High Yield Bond ETF has a 12-month low of $34.44 and a 12-month high of $35.83. The firm has a market cap of $1.42 billion, a PE ratio of 2.48 and a beta of 0.39. The stock has a fifty day moving average price of $34.80 and a 200 day moving average price of $35.00.
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.
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Want to see what other hedge funds are holding PHYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM Active High Yield Bond ETF (NYSEARCA:PHYL – Free Report).
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