Connecticut Capital Management Group LLC Takes Position in PGIM Active High Yield Bond ETF $PHYL

Connecticut Capital Management Group LLC acquired a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,980 shares of the company’s stock, valued at approximately $1,206,000. PGIM Active High Yield Bond ETF comprises approximately 1.2% of Connecticut Capital Management Group LLC’s investment portfolio, making the stock its 20th largest position. Connecticut Capital Management Group LLC owned approximately 0.13% of PGIM Active High Yield Bond ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in shares of PGIM Active High Yield Bond ETF in the 2nd quarter valued at approximately $26,000. Montag A & Associates Inc. purchased a new position in shares of PGIM Active High Yield Bond ETF during the third quarter valued at approximately $42,000. AE Wealth Management LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 1,357.5% during the third quarter. AE Wealth Management LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 1,181 shares during the period. Stance Capital LLC purchased a new position in shares of PGIM Active High Yield Bond ETF during the third quarter valued at approximately $70,000. Finally, Anchor Investment Management LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 20.7% during the third quarter. Anchor Investment Management LLC now owns 3,045 shares of the company’s stock valued at $109,000 after buying an additional 523 shares during the period.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $35.16 on Thursday. PGIM Active High Yield Bond ETF has a 1 year low of $34.47 and a 1 year high of $35.83. The business has a 50 day simple moving average of $35.04 and a two-hundred day simple moving average of $35.32. The firm has a market capitalization of $1.26 billion, a PE ratio of 2.48 and a beta of 0.40.

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.