PGIM Total Return Bond ETF (NYSEARCA:PTRB) Reaches New 52-Week Low – Should You Sell?

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRBGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $40.57 and last traded at $40.5540, with a volume of 22243 shares trading hands. The stock had previously closed at $40.67.

PGIM Total Return Bond ETF Stock Down 0.2%

The business’s 50 day moving average is $41.02 and its two-hundred day moving average is $41.47.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada purchased a new position in shares of PGIM Total Return Bond ETF in the first quarter valued at $27,000. Everest Financial Group LLC purchased a new stake in PGIM Total Return Bond ETF during the 1st quarter worth about $226,000. MML Investors Services LLC purchased a new stake in PGIM Total Return Bond ETF during the 4th quarter worth about $233,000. GWN Securities Inc. bought a new position in PGIM Total Return Bond ETF in the 4th quarter worth about $250,000. Finally, Cora Capital Advisors LLC boosted its stake in PGIM Total Return Bond ETF by 5.5% in the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after purchasing an additional 345 shares during the period.

PGIM Total Return Bond ETF Company Profile

(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.

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