Sei Investments Co. purchased a new stake in Pgim Aaa Clo Etf (NYSEARCA:PAAA – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,088,840 shares of the company’s stock, valued at approximately $311,627,000.
Several other institutional investors have also modified their holdings of PAAA. NewEdge Advisors LLC increased its position in shares of Pgim Aaa Clo Etf by 71.4% during the first quarter. NewEdge Advisors LLC now owns 6,224 shares of the company’s stock worth $319,000 after acquiring an additional 2,593 shares during the period. Creative Planning purchased a new position in Pgim Aaa Clo Etf in the second quarter valued at $218,000. Baird Financial Group Inc. purchased a new position in Pgim Aaa Clo Etf in the second quarter valued at $967,000. Raymond James Financial Inc. boosted its holdings in Pgim Aaa Clo Etf by 30.9% in the second quarter. Raymond James Financial Inc. now owns 843,900 shares of the company’s stock valued at $43,419,000 after purchasing an additional 199,218 shares during the period. Finally, Bank of America Corp DE grew its stake in Pgim Aaa Clo Etf by 21.8% during the 2nd quarter. Bank of America Corp DE now owns 5,219,399 shares of the company’s stock worth $268,538,000 after purchasing an additional 934,216 shares in the last quarter.
Pgim Aaa Clo Etf Stock Performance
Shares of NYSEARCA PAAA opened at $51.42 on Thursday. The stock’s 50-day moving average is $51.39 and its two-hundred day moving average is $51.37. Pgim Aaa Clo Etf has a 1-year low of $51.16 and a 1-year high of $51.54.
Pgim Aaa Clo Etf Company Profile
The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.
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