PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) Hits New 52-Week Low – Time to Sell?

PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) shares reached a new 52-week low on Friday . The stock traded as low as $34.47 and last traded at $34.47, with a volume of 2779 shares traded. The stock had previously closed at $34.77.

PGIM Active High Yield Bond ETF Stock Performance

The stock has a market capitalization of $1.31 billion, a PE ratio of 2.48 and a beta of 0.39. The stock’s 50 day moving average is $34.95 and its two-hundred day moving average is $35.16.

Hedge Funds Weigh In On PGIM Active High Yield Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in shares of PGIM Active High Yield Bond ETF during the second quarter worth approximately $26,000. Evolution Wealth Management Inc. purchased a new position in PGIM Active High Yield Bond ETF in the 4th quarter valued at $33,000. Anchor Investment Management LLC lifted its holdings in PGIM Active High Yield Bond ETF by 20.3% in the 1st quarter. Anchor Investment Management LLC now owns 3,689 shares of the company’s stock valued at $128,000 after purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp acquired a new stake in PGIM Active High Yield Bond ETF during the 1st quarter worth $139,000. Finally, Global Retirement Partners LLC boosted its stake in PGIM Active High Yield Bond ETF by 7.3% during the 4th quarter. Global Retirement Partners LLC now owns 4,497 shares of the company’s stock worth $160,000 after purchasing an additional 305 shares during the last quarter.

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.