Evolve Private Wealth LLC Takes $1.16 Million Position in PGIM Short Duration High Yield ETF $PSH

Evolve Private Wealth LLC bought a new stake in PGIM Short Duration High Yield ETF (BATS:PSH) in the second quarter, HoldingsChannel reports. The fund bought 70,900 shares of the company’s stock, valued at approximately $1,162,000. Evolve Private Wealth LLC owned 0.07% of PGIM Short Duration High Yield ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in PGIM Short Duration High Yield ETF during the 4th quarter worth approximately $137,000. EverSource Wealth Advisors LLC lifted its stake in PGIM Short Duration High Yield ETF by 2.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 119,412 shares of the company’s stock valued at $6,014,000 after buying an additional 2,731 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of PGIM Short Duration High Yield ETF by 296.1% in the fourth quarter. Parallel Advisors LLC now owns 4,012 shares of the company’s stock valued at $202,000 after acquiring an additional 2,999 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of PGIM Short Duration High Yield ETF by 54.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,267 shares of the company’s stock valued at $1,927,000 after acquiring an additional 13,425 shares during the period. Finally, IAG Wealth Partners LLC acquired a new stake in shares of PGIM Short Duration High Yield ETF in the first quarter valued at approximately $113,000.

PGIM Short Duration High Yield ETF Stock Performance

Shares of PSH opened at $49.91 on Monday. The company’s 50 day simple moving average is $49.90 and its 200-day simple moving average is $50.02. PGIM Short Duration High Yield ETF has a 12-month low of $49.44 and a 12-month high of $51.51.

PGIM Short Duration High Yield ETF Company Profile

The PGIM Short Duration HIgh Yield ETF (PSH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of global fixed income securities that are rated below investment grade. The fund aims to maintain an average portfolio duration of three years or less PSH was launched on Dec 14, 2023 and is issued by PGIM.