PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Reaches New 1-Year Low – Should You Sell?

Shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) hit a new 52-week low during trading on Wednesday . The company traded as low as $34.15 and last traded at $34.1460, with a volume of 20740 shares traded. The stock had previously closed at $34.31.

PGIM Active High Yield Bond ETF Stock Performance

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. The business’s 50-day simple moving average is $34.65 and its 200-day simple moving average is $34.89.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in PGIM Active High Yield Bond ETF by 28.0% in the first quarter. PNC Financial Services Group Inc. now owns 723,228 shares of the company’s stock valued at $25,045,000 after acquiring an additional 158,344 shares during the last quarter. Capital Analysts LLC raised its position in shares of PGIM Active High Yield Bond ETF by 14.5% during the 2nd quarter. Capital Analysts LLC now owns 558,617 shares of the company’s stock valued at $19,484,000 after acquiring an additional 70,954 shares during the last quarter. Cetera Investment Advisers raised its position in shares of PGIM Active High Yield Bond ETF by 105.9% during the 1st quarter. Cetera Investment Advisers now owns 377,707 shares of the company’s stock valued at $13,080,000 after acquiring an additional 194,237 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of PGIM Active High Yield Bond ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 327,513 shares of the company’s stock valued at $11,342,000 after purchasing an additional 37,804 shares during the period. Finally, RFG Advisory LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 5.4% in the 1st quarter. RFG Advisory LLC now owns 235,187 shares of the company’s stock worth $8,145,000 after purchasing an additional 12,010 shares during the last quarter.

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.