Petros Family Wealth LLC Invests $661,000 in PGIM Active High Yield Bond ETF $PHYL

Petros Family Wealth 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 18,625 shares of the company’s stock, valued at approximately $661,000. Petros Family Wealth LLC owned 0.07% of PGIM Active High Yield Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans acquired a new stake in PGIM Active High Yield Bond ETF in the 2nd quarter valued at $10,245,000. State of New Jersey Common Pension Fund D lifted its stake in shares of PGIM Active High Yield Bond ETF by 35.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,050,000 shares of the company’s stock worth $37,538,000 after purchasing an additional 275,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PGIM Active High Yield Bond ETF by 32.5% during the third quarter. Envestnet Asset Management Inc. now owns 902,039 shares of the company’s stock worth $32,248,000 after purchasing an additional 221,242 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth about $6,062,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of PGIM Active High Yield Bond ETF in the third quarter worth about $5,760,000.

PGIM Active High Yield Bond ETF Stock Performance

PHYL stock opened at $34.53 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 1 year low of $32.98 and a 1 year high of $35.83. The stock has a 50-day simple moving average of $35.36 and a 200-day simple moving average of $35.47.

PGIM Active High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1854 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.4%.

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.