Raymond James Financial Inc. Invests $1.67 Million in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Raymond James Financial Inc. acquired a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 48,181 shares of the company’s stock, valued at approximately $1,674,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of PGIM Active High Yield Bond ETF during the 4th quarter worth $12,159,000. Goodwin Investment Advisory acquired a new stake in shares of PGIM Active High Yield Bond ETF in the fourth quarter valued at about $8,231,000. PFW Advisors LLC purchased a new stake in PGIM Active High Yield Bond ETF during the fourth quarter worth about $4,744,000. Fjell Capital LLC acquired a new position in PGIM Active High Yield Bond ETF during the fourth quarter worth about $3,389,000. Finally, Signal Advisors Wealth LLC increased its holdings in PGIM Active High Yield Bond ETF by 98.1% in the fourth quarter. Signal Advisors Wealth LLC now owns 123,588 shares of the company’s stock valued at $4,327,000 after buying an additional 61,186 shares in the last quarter.

PGIM Active High Yield Bond ETF Price Performance

Shares of NYSEARCA:PHYL opened at $34.82 on Tuesday. The firm has a market capitalization of $268.11 million, a price-to-earnings ratio of 2.50 and a beta of 0.48. The business’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $35.19. PGIM Active High Yield Bond ETF has a 12 month low of $33.91 and a 12 month high of $35.84.

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.