Inspire Advisors LLC Grows Stock Position in PGIM Active High Yield Bond ETF $PHYL

Inspire Advisors LLC increased its stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,648 shares of the company’s stock after buying an additional 37,113 shares during the quarter. PGIM Active High Yield Bond ETF comprises approximately 1.1% of Inspire Advisors LLC’s holdings, making the stock its 11th largest holding. Inspire Advisors LLC’s holdings in PGIM Active High Yield Bond ETF were worth $11,463,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rovin Capital UT ADV raised its stake in shares of PGIM Active High Yield Bond ETF by 4.4% in the third quarter. Rovin Capital UT ADV now owns 31,180 shares of the company’s stock valued at $1,115,000 after acquiring an additional 1,305 shares during the period. MBE Wealth Management LLC lifted its position in shares of PGIM Active High Yield Bond ETF by 2.1% during the third quarter. MBE Wealth Management LLC now owns 21,069 shares of the company’s stock worth $753,000 after purchasing an additional 443 shares during the last quarter. Schmidt P J Investment Management Inc. boosted its stake in shares of PGIM Active High Yield Bond ETF by 8.1% during the third quarter. Schmidt P J Investment Management Inc. now owns 38,867 shares of the company’s stock valued at $1,390,000 after purchasing an additional 2,904 shares during the period. Strategic Blueprint LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 38.2% in the third quarter. Strategic Blueprint LLC now owns 23,225 shares of the company’s stock worth $830,000 after purchasing an additional 6,417 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in PGIM Active High Yield Bond ETF in the 3rd quarter worth about $1,201,000.

PGIM Active High Yield Bond ETF Price Performance

PGIM Active High Yield Bond ETF stock opened at $35.71 on Monday. The stock has a market cap of $921.32 million, a price-to-earnings 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 firm has a 50-day moving average of $35.48 and a two-hundred day moving average of $35.49.

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.