Cetera Investment Advisers Has $13.08 Million Stock Position in PGIM Active High Yield Bond ETF $PHYL

Cetera Investment Advisers lifted its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 105.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,707 shares of the company’s stock after purchasing an additional 194,237 shares during the quarter. Cetera Investment Advisers’ holdings in PGIM Active High Yield Bond ETF were worth $13,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. RFG Advisory LLC lifted its position in PGIM Active High Yield Bond ETF by 145.1% in the fourth quarter. RFG Advisory LLC now owns 223,177 shares of the company’s stock worth $7,918,000 after purchasing an additional 132,135 shares during the period. Fifth Third Securities Inc. boosted its stake in PGIM Active High Yield Bond ETF by 17.4% during the fourth quarter. Fifth Third Securities Inc. now owns 132,918 shares of the company’s stock worth $4,716,000 after buying an additional 19,653 shares in the last quarter. Keenan LLC bought a new stake in PGIM Active High Yield Bond ETF in the 4th quarter valued at $2,114,000. Hoxton Planning & Management LLC increased its holdings in PGIM Active High Yield Bond ETF by 69.3% in the 1st quarter. Hoxton Planning & Management LLC now owns 37,391 shares of the company’s stock valued at $1,295,000 after buying an additional 15,307 shares during the period. Finally, KFA Private Wealth Group LLC bought a new stake in PGIM Active High Yield Bond ETF in the 1st quarter valued at $4,891,000.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL stock opened at $34.65 on Thursday. The firm has a fifty day moving average of $34.96 and a 200-day moving average of $35.16. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 2.48 and a beta of 0.39. PGIM Active High Yield Bond ETF has a 52-week low of $34.47 and a 52-week high of $35.83.

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.