Pine Harbor Wealth Management LLC Acquires 88,274 Shares of Pgim Aaa Clo Etf $PAAA

Pine Harbor Wealth Management LLC increased its holdings in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,639 shares of the company’s stock after acquiring an additional 88,274 shares during the period. Pgim Aaa Clo Etf comprises about 10.7% of Pine Harbor Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Pine Harbor Wealth Management LLC owned approximately 0.54% of Pgim Aaa Clo Etf worth $34,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Stratos Wealth Partners LTD. increased its holdings in shares of Pgim Aaa Clo Etf by 14.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 42,721 shares of the company’s stock valued at $2,190,000 after purchasing an additional 5,266 shares during the period. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Pgim Aaa Clo Etf by 8.9% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 26,073 shares of the company’s stock worth $1,337,000 after purchasing an additional 2,122 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Pgim Aaa Clo Etf by 54.3% during the fourth quarter. AdvisorNet Financial Inc now owns 258,014 shares of the company’s stock worth $13,226,000 after purchasing an additional 90,751 shares during the period. Sheets Smith Wealth Management grew its position in Pgim Aaa Clo Etf by 22.2% during the fourth quarter. Sheets Smith Wealth Management now owns 17,105 shares of the company’s stock valued at $877,000 after purchasing an additional 3,106 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Pgim Aaa Clo Etf by 3.9% during the fourth quarter. Blue Trust Inc. now owns 6,147 shares of the company’s stock valued at $315,000 after purchasing an additional 229 shares in the last quarter.

Pgim Aaa Clo Etf Stock Performance

Pgim Aaa Clo Etf stock opened at $51.22 on Friday. Pgim Aaa Clo Etf has a twelve month low of $50.44 and a twelve month high of $51.69. The firm’s 50 day moving average price is $51.36 and its two-hundred day moving average price is $51.35.

Pgim Aaa Clo Etf Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1907 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Pgim Aaa Clo Etf Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.