Stifel Financial Corp Makes New $267,000 Investment in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Stifel Financial Corp acquired a new position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,696 shares of the company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. purchased a new stake in PGIM Active High Yield Bond ETF during the 4th quarter valued at about $75,000. Anchor Investment Management LLC purchased a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth approximately $86,000. Creative Financial Designs Inc. ADV purchased a new position in shares of PGIM Active High Yield Bond ETF in the fourth quarter worth approximately $137,000. Global Retirement Partners LLC boosted its holdings in shares of PGIM Active High Yield Bond ETF by 35.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,351 shares of the company’s stock worth $186,000 after buying an additional 1,395 shares during the last quarter. Finally, Spectrum Planning & Advisory Services Inc. bought a new stake in PGIM Active High Yield Bond ETF during the 4th quarter worth approximately $211,000.

PGIM Active High Yield Bond ETF Trading Down 0.3%

NYSEARCA PHYL opened at $34.76 on Thursday. PGIM Active High Yield Bond ETF has a 12 month low of $32.98 and a 12 month high of $35.84. The stock has a market cap of $260.00 million, a price-to-earnings ratio of 2.48 and a beta of 0.41. The company’s 50 day moving average is $34.47 and its two-hundred day moving average is $34.92.

PGIM Active High Yield Bond ETF Profile

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.