Kestra Advisory Services LLC Increases Stake in PGIM Floating Rate Income ETF $PFRL

Kestra Advisory Services LLC raised its stake in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 213.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,051 shares of the company’s stock after purchasing an additional 14,345 shares during the quarter. Kestra Advisory Services LLC owned 0.90% of PGIM Floating Rate Income ETF worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in PGIM Floating Rate Income ETF in the fourth quarter worth about $1,302,000. Cetera Investment Advisers acquired a new position in PGIM Floating Rate Income ETF in the fourth quarter valued at approximately $1,409,000. Mariner LLC grew its holdings in shares of PGIM Floating Rate Income ETF by 116.3% during the fourth quarter. Mariner LLC now owns 36,466 shares of the company’s stock valued at $1,812,000 after purchasing an additional 19,608 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of PGIM Floating Rate Income ETF by 23.2% during the fourth quarter. Inspire Advisors LLC now owns 8,931 shares of the company’s stock valued at $444,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Summit Financial LLC bought a new position in shares of PGIM Floating Rate Income ETF during the fourth quarter valued at approximately $365,000.

PGIM Floating Rate Income ETF Trading Up 0.0%

Shares of PGIM Floating Rate Income ETF stock opened at $49.66 on Friday. PGIM Floating Rate Income ETF has a twelve month low of $48.60 and a twelve month high of $50.48. The business’s 50 day simple moving average is $49.54 and its 200-day simple moving average is $49.37.

PGIM Floating Rate Income ETF Company Profile

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.