PGIM Floating Rate Income ETF (NYSEARCA:PFRL) Holdings Boosted by Founders Financial Securities LLC

Founders Financial Securities LLC raised its stake in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 72.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,532 shares of the company’s stock after acquiring an additional 48,508 shares during the period. Founders Financial Securities LLC owned 9.03% of PGIM Floating Rate Income ETF worth $5,840,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PFRL. Secure Asset Management LLC bought a new position in PGIM Floating Rate Income ETF during the 2nd quarter worth $428,000. Envestnet Portfolio Solutions Inc. lifted its position in PGIM Floating Rate Income ETF by 26.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,478 shares of the company’s stock valued at $527,000 after purchasing an additional 2,168 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in PGIM Floating Rate Income ETF by 13.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,359 shares of the company’s stock valued at $827,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in PGIM Floating Rate Income ETF by 4.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 144,269 shares of the company’s stock valued at $7,293,000 after purchasing an additional 6,042 shares during the period.

PGIM Floating Rate Income ETF Stock Performance

Shares of NYSEARCA:PFRL opened at $50.28 on Wednesday. The firm’s 50 day moving average is $50.42 and its two-hundred day moving average is $50.57. PGIM Floating Rate Income ETF has a 52 week low of $49.39 and a 52 week high of $51.51.

PGIM Floating Rate Income ETF 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.