Wells Fargo & Company MN Has $4.25 Million Stock Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Wells Fargo & Company MN lifted its position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 8,651.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 122,350 shares of the company’s stock after buying an additional 120,952 shares during the quarter. Wells Fargo & Company MN’s holdings in PGIM Active High Yield Bond ETF were worth $4,250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PHYL. Prudential Financial Inc. boosted its holdings in PGIM Active High Yield Bond ETF by 57.2% in the fourth quarter. Prudential Financial Inc. now owns 1,245,522 shares of the company’s stock valued at $43,786,000 after acquiring an additional 453,321 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in PGIM Active High Yield Bond ETF during the 4th quarter valued at $12,159,000. JPMorgan Chase & Co. acquired a new stake in shares of PGIM Active High Yield Bond ETF in the 4th quarter worth about $11,601,000. LPL Financial LLC raised its stake in shares of PGIM Active High Yield Bond ETF by 339.2% in the fourth quarter. LPL Financial LLC now owns 251,810 shares of the company’s stock worth $8,748,000 after purchasing an additional 194,477 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in PGIM Active High Yield Bond ETF by 11.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 246,898 shares of the company’s stock valued at $8,577,000 after acquiring an additional 25,791 shares in the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

PGIM Active High Yield Bond ETF stock opened at $34.04 on Tuesday. PGIM Active High Yield Bond ETF has a fifty-two week low of $32.98 and a fifty-two week high of $35.84. The firm’s 50-day simple moving average is $34.71 and its 200 day simple moving average is $35.01. The stock has a market cap of $255.30 million, a PE ratio of 2.43 and a beta of 0.40.

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.