Fjell Capital LLC Takes $3.39 Million Position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Fjell Capital LLC purchased a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,551 shares of the company’s stock, valued at approximately $3,389,000. PGIM Active High Yield Bond ETF makes up about 3.5% of Fjell Capital LLC’s holdings, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYL. State of New Jersey Common Pension Fund D acquired a new stake in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at about $12,159,000. PFW Advisors LLC purchased a new position in shares of PGIM Active High Yield Bond ETF during the 4th quarter valued at approximately $4,744,000. Signal Advisors Wealth LLC lifted its holdings in PGIM Active High Yield Bond ETF by 98.1% during the fourth quarter. Signal Advisors Wealth LLC now owns 123,588 shares of the company’s stock valued at $4,327,000 after purchasing an additional 61,186 shares in the last quarter. CacheTech Inc. boosted its holdings in PGIM Active High Yield Bond ETF by 7.4% in the 3rd quarter. CacheTech Inc. now owns 115,267 shares of the company’s stock worth $4,127,000 after buying an additional 7,903 shares during the last quarter. Finally, Townsquare Capital LLC boosted its stake in shares of PGIM Active High Yield Bond ETF by 1.4% in the third quarter. Townsquare Capital LLC now owns 111,929 shares of the company’s stock worth $4,007,000 after acquiring an additional 1,494 shares during the last quarter.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PGIM Active High Yield Bond ETF stock opened at $35.35 on Wednesday. The business’s 50 day moving average price is $35.05 and its 200 day moving average price is $35.22. The company has a market cap of $254.52 million, a price-to-earnings ratio of 2.53 and a beta of 0.46. PGIM Active High Yield Bond ETF has a one year low of $33.91 and a one year high of $35.84.

PGIM Active High Yield Bond ETF Company 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.