PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 1-Year Low – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRBGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $40.18 and last traded at $40.18, with a volume of 999 shares trading hands. The stock had previously closed at $40.99.

PGIM Total Return Bond ETF Price Performance

The stock has a 50-day simple moving average of $41.36 and a 200-day simple moving average of $41.72.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Prosperity Financial Group Inc. grew its holdings in shares of PGIM Total Return Bond ETF by 17.3% during the fourth quarter. Prosperity Financial Group Inc. now owns 102,103 shares of the company’s stock worth $4,292,000 after purchasing an additional 15,057 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of PGIM Total Return Bond ETF by 21.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 123,204 shares of the company’s stock worth $5,179,000 after buying an additional 21,604 shares during the period. MSH Capital Advisors LLC grew its holdings in PGIM Total Return Bond ETF by 48.7% during the 4th quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock worth $2,410,000 after acquiring an additional 18,759 shares during the period. MGO One Seven LLC bought a new position in shares of PGIM Total Return Bond ETF in the 4th quarter worth about $7,204,000. Finally, Kelman Lazarov Inc. raised its position in shares of PGIM Total Return Bond ETF by 20.5% in the 1st quarter. Kelman Lazarov Inc. now owns 78,482 shares of the company’s stock worth $3,258,000 after acquiring an additional 13,339 shares in the last quarter.

About PGIM Total Return Bond ETF

(Get Free Report)

The PGIM Total Return Bond ETF (PTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks total return from an actively managed, core portfolio of global investment-grade and high-yield fixed income securities with a maturity of greater than one year. PTRB was launched on Dec 8, 2021 and is managed by PGIM.

Further Reading

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