Steel Grove Capital Advisors LLC raised its holdings in PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM – Free Report) by 76.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,809 shares of the company’s stock after buying an additional 29,778 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in PGIM Short Duration Multi-Sector Bond ETF were worth $3,542,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSDM. Thoroughbred Financial Services LLC purchased a new stake in PGIM Short Duration Multi-Sector Bond ETF in the third quarter valued at about $241,000. IFP Advisors Inc raised its stake in PGIM Short Duration Multi-Sector Bond ETF by 30.8% in the third quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock valued at $1,507,000 after buying an additional 6,879 shares during the last quarter. Finally, Team Financial Group LLC lifted its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 9.5% during the fourth quarter. Team Financial Group LLC now owns 190,379 shares of the company’s stock worth $9,799,000 after buying an additional 16,459 shares during the period.
PGIM Short Duration Multi-Sector Bond ETF Price Performance
Shares of PSDM stock opened at $51.16 on Wednesday. The stock’s 50-day simple moving average is $51.15 and its 200-day simple moving average is $51.39. PGIM Short Duration Multi-Sector Bond ETF has a fifty-two week low of $50.79 and a fifty-two week high of $52.03.
PGIM Short Duration Multi-Sector Bond ETF Profile
The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.
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