State of New Jersey Common Pension Fund D Purchases New Holdings in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

State of New Jersey Common Pension Fund D purchased a new position in shares of PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $12,159,000. State of New Jersey Common Pension Fund D owned about 0.10% of PGIM Active High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PHYL. Private Advisor Group LLC bought a new position in shares of PGIM Active High Yield Bond ETF during the 3rd quarter valued at approximately $340,000. Austin Wealth Management LLC grew its holdings in PGIM Active High Yield Bond ETF by 28.8% during the third quarter. Austin Wealth Management LLC now owns 9,617 shares of the company’s stock valued at $341,000 after purchasing an additional 2,150 shares during the period. CacheTech Inc. raised its stake in shares of PGIM Active High Yield Bond ETF by 7.4% in the third quarter. CacheTech Inc. now owns 115,267 shares of the company’s stock valued at $4,127,000 after buying an additional 7,903 shares during the period. Rovin Capital UT ADV lifted its position in shares of PGIM Active High Yield Bond ETF by 2.2% during the 3rd quarter. Rovin Capital UT ADV now owns 23,280 shares of the company’s stock valued at $833,000 after buying an additional 492 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of PGIM Active High Yield Bond ETF by 3,593.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 35,421 shares of the company’s stock worth $1,268,000 after acquiring an additional 34,462 shares during the period.

PGIM Active High Yield Bond ETF Stock Performance

Shares of PHYL opened at $35.27 on Tuesday. PGIM Active High Yield Bond ETF has a fifty-two week low of $33.91 and a fifty-two week high of $35.84. The business has a 50-day moving average of $35.05 and a 200 day moving average of $35.19. The firm has a market cap of $128.74 million, a P/E ratio of 2.47 and a beta of 0.32.

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.