Raymond James & Associates Makes New Investment in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Raymond James & Associates bought a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,000 shares of the company’s stock, valued at approximately $487,000. Raymond James & Associates owned approximately 0.51% of PGIM Active High Yield Bond ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rovin Capital UT ADV boosted its position in PGIM Active High Yield Bond ETF by 9.0% during the 3rd quarter. Rovin Capital UT ADV now owns 20,485 shares of the company’s stock worth $684,000 after acquiring an additional 1,695 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of PGIM Active High Yield Bond ETF by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,530 shares of the company’s stock worth $920,000 after acquiring an additional 1,936 shares during the period. Garden State Investment Advisory Services LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 114.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 15,904 shares of the company’s stock valued at $531,000 after acquiring an additional 8,472 shares in the last quarter. First Citizens Financial Corp raised its holdings in PGIM Active High Yield Bond ETF by 51.7% during the fourth quarter. First Citizens Financial Corp now owns 32,529 shares of the company’s stock worth $1,132,000 after purchasing an additional 11,091 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in PGIM Active High Yield Bond ETF in the third quarter worth approximately $836,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL stock opened at $34.24 on Friday. The stock has a market cap of $124.28 million, a PE ratio of 2.46 and a beta of 0.31. The business’s fifty day moving average is $34.58 and its 200-day moving average is $34.21. PGIM Active High Yield Bond ETF has a 1 year low of $32.42 and a 1 year high of $35.17.

PGIM Active High Yield Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.2483 dividend. The ex-dividend date was Monday, April 1st. This is a boost from PGIM Active High Yield Bond ETF’s previous dividend of $0.19.

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.