PGIM Active High Yield Bond ETF $PHYL Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 52.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,200 shares of the company’s stock after buying an additional 129,671 shares during the period. PNC Financial Services Group Inc. owned about 2.88% of PGIM Active High Yield Bond ETF worth $13,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PHYL. Inspire Advisors LLC lifted its holdings in PGIM Active High Yield Bond ETF by 13.1% during the 3rd quarter. Inspire Advisors LLC now owns 320,648 shares of the company’s stock worth $11,463,000 after buying an additional 37,113 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of PGIM Active High Yield Bond ETF by 32.4% during the second quarter. J.W. Cole Advisors Inc. now owns 26,853 shares of the company’s stock worth $953,000 after acquiring an additional 6,571 shares during the period. Advisory Resource Group raised its stake in shares of PGIM Active High Yield Bond ETF by 6.2% in the second quarter. Advisory Resource Group now owns 122,821 shares of the company’s stock valued at $4,359,000 after acquiring an additional 7,135 shares in the last quarter. Prudential Financial Inc. boosted its holdings in PGIM Active High Yield Bond ETF by 32.9% in the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock valued at $66,656,000 after purchasing an additional 469,822 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in PGIM Active High Yield Bond ETF during the 2nd quarter worth $783,000.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA PHYL opened at $35.60 on Thursday. The company has a market cap of $918.48 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. The stock’s 50-day moving average is $35.59 and its two-hundred day moving average is $35.54. PGIM Active High Yield Bond ETF has a 1-year low of $32.98 and a 1-year high of $35.83.

PGIM Active High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.2058 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from PGIM Active High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.