PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sets New 12-Month Low – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares reached a new 52-week low on Wednesday. The stock traded as low as $39.26 and last traded at $39.3450, with a volume of 5799 shares traded. The stock had previously closed at $39.47.

PGIM Total Return Bond ETF Stock Up 0.3%

The stock’s fifty day simple moving average is $40.46 and its 200-day simple moving average is $41.12.

Institutional Trading of PGIM Total Return Bond ETF

Several hedge funds have recently made changes to their positions in the stock. Cora Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 345 shares during the period. Royal Bank of Canada bought a new position in PGIM Total Return Bond ETF in the 1st quarter worth about $27,000. Integrated Wealth Concepts LLC grew its position in PGIM Total Return Bond ETF by 0.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 191,679 shares of the company’s stock worth $7,947,000 after purchasing an additional 1,242 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of PGIM Total Return Bond ETF by 2.8% in the first quarter. Richards Merrill & Peterson Inc. now owns 65,214 shares of the company’s stock valued at $2,707,000 after purchasing an additional 1,767 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of PGIM Total Return Bond ETF by 3.4% in the second quarter. NewEdge Advisors LLC now owns 58,971 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,964 shares during the period.

PGIM Total Return Bond ETF Company Profile

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.