Hughes Financial Services LLC Buys Shares of 216,814 PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Hughes Financial Services LLC bought a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 216,814 shares of the company’s stock, valued at approximately $7,532,000. PGIM Active High Yield Bond ETF comprises 1.5% of Hughes Financial Services LLC’s portfolio, making the stock its 12th largest position. Hughes Financial Services LLC owned about 5.94% of PGIM Active High Yield Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PHYL. State of New Jersey Common Pension Fund D bought a new position in PGIM Active High Yield Bond ETF in the fourth quarter valued at about $12,159,000. Goodwin Investment Advisory bought a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth about $8,231,000. PFW Advisors LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth about $4,744,000. Fjell Capital LLC bought a new stake in shares of PGIM Active High Yield Bond ETF during the fourth quarter worth about $3,389,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of PGIM Active High Yield Bond ETF by 184.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 100,863 shares of the company’s stock worth $3,504,000 after purchasing an additional 65,442 shares during the last quarter.

PGIM Active High Yield Bond ETF Trading Down 0.3 %

NYSEARCA:PHYL opened at $34.77 on Friday. The stock has a market cap of $264.25 million, a P/E ratio of 2.51 and a beta of 0.48. The stock’s 50-day moving average is $35.11 and its 200-day moving average is $35.22. PGIM Active High Yield Bond ETF has a 1-year low of $33.91 and a 1-year high of $35.84.

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.