Spectrum Planning & Advisory Services Inc. Takes $211,000 Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Spectrum Planning & Advisory Services Inc. acquired a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the fourth quarter, Holdings Channel reports. The firm acquired 6,084 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF in the third quarter valued at $240,000. Hilltop Holdings Inc. purchased a new stake in PGIM Active High Yield Bond ETF in the 3rd quarter worth about $304,000. Private Advisor Group LLC acquired a new stake in PGIM Active High Yield Bond ETF during the 3rd quarter worth about $340,000. Austin Wealth Management LLC grew its stake in PGIM Active High Yield Bond ETF by 28.8% during the 3rd quarter. Austin Wealth Management LLC now owns 9,617 shares of the company’s stock valued at $341,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in PGIM Active High Yield Bond ETF during the 2nd quarter valued at about $404,000.

PGIM Active High Yield Bond ETF Stock Performance

PHYL stock opened at $35.26 on Wednesday. The firm has a 50 day simple moving average of $35.09 and a 200 day simple moving average of $35.16. PGIM Active High Yield Bond ETF has a 52 week low of $33.91 and a 52 week high of $35.84. The stock has a market cap of $128.70 million, a P/E ratio of 2.47 and a beta of 0.32.

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.