PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Sets New 12-Month Low – Here’s Why

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) shares hit a new 52-week low on Thursday . The company traded as low as $34.34 and last traded at $34.31, with a volume of 5723 shares changing hands. The stock had previously closed at $34.53.

PGIM Active High Yield Bond ETF Stock Performance

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. The company has a 50-day simple moving average of $34.77 and a 200-day simple moving average of $34.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in PGIM Active High Yield Bond ETF in the second quarter valued at $26,000. Evolution Wealth Management Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF in the 4th quarter valued at about $33,000. Anchor Investment Management LLC increased its holdings in shares of PGIM Active High Yield Bond ETF by 20.3% in the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of PGIM Active High Yield Bond ETF in the first quarter valued at about $139,000. Finally, Global Retirement Partners LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 7.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock valued at $160,000 after purchasing an additional 305 shares during the period.

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.