Breakwater Capital Group Cuts Holdings in PGIM Active High Yield Bond ETF $PHYL

Breakwater Capital Group reduced its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 33.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,731 shares of the company’s stock after selling 40,415 shares during the quarter. Breakwater Capital Group’s holdings in PGIM Active High Yield Bond ETF were worth $2,816,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in PGIM Active High Yield Bond ETF during the second quarter worth approximately $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 20.3% during the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock worth $128,000 after buying an additional 622 shares during the period. Fifth Third Bancorp purchased a new position in shares of PGIM Active High Yield Bond ETF during the 1st quarter valued at approximately $139,000. Finally, Global Retirement Partners LLC lifted its position in shares of PGIM Active High Yield Bond ETF by 7.3% during the 4th quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after buying an additional 305 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

PGIM Active High Yield Bond ETF stock opened at $34.82 on Friday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 2.48 and a beta of 0.39. The company’s fifty day moving average price is $34.90 and its 200 day moving average price is $35.12. PGIM Active High Yield Bond ETF has a 1 year low of $34.44 and a 1 year high of $35.83.

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.