Gainline Financial Partners LLC Invests $3.71 Million in PGIM Active High Yield Bond ETF $PHYL

Gainline Financial Partners LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 106,216 shares of the company’s stock, valued at approximately $3,705,000. PGIM Active High Yield Bond ETF comprises 3.5% of Gainline Financial Partners LLC’s portfolio, making the stock its 8th biggest position. Gainline Financial Partners LLC owned 0.28% of PGIM Active High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Turner Financial Group Inc. purchased a new position in PGIM Active High Yield Bond ETF in the second quarter worth $1,910,000. InTrack Investment Management Inc increased its position in shares of PGIM Active High Yield Bond ETF by 1.9% during the 2nd quarter. InTrack Investment Management Inc now owns 41,729 shares of the company’s stock valued at $1,456,000 after purchasing an additional 774 shares during the last quarter. KFA Private Wealth Group LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 2.4% in the 2nd quarter. KFA Private Wealth Group LLC now owns 144,685 shares of the company’s stock worth $5,047,000 after buying an additional 3,452 shares during the last quarter. M Holdings Securities Inc. boosted its holdings in shares of PGIM Active High Yield Bond ETF by 5.5% in the 2nd quarter. M Holdings Securities Inc. now owns 43,708 shares of the company’s stock worth $1,535,000 after buying an additional 2,295 shares during the last quarter. Finally, KWB Wealth bought a new position in PGIM Active High Yield Bond ETF during the second quarter valued at about $744,000.

PGIM Active High Yield Bond ETF Stock Performance

PHYL opened at $34.52 on Friday. PGIM Active High Yield Bond ETF has a fifty-two week low of $34.44 and a fifty-two week high of $35.83. The firm has a 50-day moving average of $34.80 and a 200 day moving average of $35.00. The firm has a market cap of $1.42 billion, a P/E ratio of 2.48 and a beta of 0.39.

PGIM Active High Yield Bond ETF Profile

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.