Summit Wealth Group LLC Co. Makes New Investment in PGIM Active High Yield Bond ETF $PHYL

Summit Wealth Group LLC Co. acquired a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,812 shares of the company’s stock, valued at approximately $2,802,000. Summit Wealth Group LLC Co. owned approximately 0.19% of PGIM Active High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kestra Private Wealth Services LLC boosted its position in shares of PGIM Active High Yield Bond ETF by 3.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,533 shares of the company’s stock worth $330,000 after purchasing an additional 296 shares in the last quarter. Milestone Asset Management LLC grew its stake in shares of PGIM Active High Yield Bond ETF by 2.8% during the 3rd quarter. Milestone Asset Management LLC now owns 11,136 shares of the company’s stock worth $372,000 after purchasing an additional 305 shares during the period. Global Assets Advisory LLC increased its holdings in shares of PGIM Active High Yield Bond ETF by 0.9% in the 3rd quarter. Global Assets Advisory LLC now owns 34,093 shares of the company’s stock valued at $1,140,000 after purchasing an additional 308 shares in the last quarter. KWB Wealth increased its holdings in shares of PGIM Active High Yield Bond ETF by 2.5% in the 3rd quarter. KWB Wealth now owns 21,855 shares of the company’s stock valued at $731,000 after purchasing an additional 534 shares in the last quarter. Finally, Symphony Financial Services Inc. increased its holdings in shares of PGIM Active High Yield Bond ETF by 8.5% in the 1st quarter. Symphony Financial Services Inc. now owns 7,735 shares of the company’s stock valued at $268,000 after purchasing an additional 603 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Down 0.2%

Shares of NYSEARCA PHYL opened at $33.49 on Tuesday. PGIM Active High Yield Bond ETF has a 52 week low of $33.27 and a 52 week high of $35.76. The firm has a 50-day moving average price of $33.99 and a 200 day moving average price of $34.83. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 2.48 and a beta of 0.41.

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.