PGIM Short Duration Multi-Sector Bond ETF $PSDM Shares Acquired by Team Financial Group LLC

Team Financial Group LLC grew its stake in shares of PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,595 shares of the company’s stock after acquiring an additional 10,216 shares during the quarter. PGIM Short Duration Multi-Sector Bond ETF comprises approximately 4.6% of Team Financial Group LLC’s investment portfolio, making the stock its 7th largest holding. Team Financial Group LLC owned about 12.70% of PGIM Short Duration Multi-Sector Bond ETF worth $10,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in shares of PGIM Short Duration Multi-Sector Bond ETF in the 1st quarter valued at approximately $83,000. Ascentis Independent Advisors purchased a new stake in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter worth approximately $398,000. Thoroughbred Financial Services LLC increased its stake in PGIM Short Duration Multi-Sector Bond ETF by 149.0% during the 4th quarter. Thoroughbred Financial Services LLC now owns 11,652 shares of the company’s stock valued at $599,000 after purchasing an additional 6,972 shares in the last quarter. IFP Advisors Inc increased its stake in PGIM Short Duration Multi-Sector Bond ETF by 30.8% during the 3rd quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock valued at $1,507,000 after purchasing an additional 6,879 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC raised its holdings in shares of PGIM Short Duration Multi-Sector Bond ETF by 76.3% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 68,809 shares of the company’s stock worth $3,542,000 after buying an additional 29,778 shares during the last quarter.

PGIM Short Duration Multi-Sector Bond ETF Stock Performance

BATS:PSDM opened at $50.89 on Monday. PGIM Short Duration Multi-Sector Bond ETF has a 12 month low of $50.76 and a 12 month high of $52.03. The firm has a fifty day simple moving average of $51.03 and a 200-day simple moving average of $51.28.

PGIM Short Duration Multi-Sector Bond ETF Company 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.