PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Strong Trading Volume – Time to Buy?

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-high trading volume on Thursday. Approximately 519,969 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 163,733 shares. The stock last traded at $40.1570 and had previously closed at $39.81.

PGIM Total Return Bond ETF Trading Up 0.8%

The stock has a 50 day moving average price of $40.25 and a two-hundred day moving average price of $41.01.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PTRB. Cora Capital Advisors LLC raised its holdings 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. Royal Bank of Canada acquired a new position in PGIM Total Return Bond ETF in the 1st quarter valued at $27,000. Integrated Wealth Concepts LLC lifted its holdings 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 valued at $7,947,000 after purchasing an additional 1,242 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in shares of PGIM Total Return Bond ETF by 2.8% during the first quarter. Richards Merrill & Peterson Inc. now owns 65,214 shares of the company’s stock worth $2,707,000 after buying an additional 1,767 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position 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 buying an additional 1,964 shares during the last quarter.

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.