PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 52-Week Low – Here’s Why

PGIM Total Return Bond ETF (NYSEARCA:PTRBGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as $40.15 and last traded at $40.1350, with a volume of 12103 shares. The stock had previously closed at $40.36.

PGIM Total Return Bond ETF Price Performance

The firm has a fifty day simple moving average of $40.82 and a 200 day simple moving average of $41.31.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. raised its holdings in shares of PGIM Total Return Bond ETF by 25.5% during the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock valued at $32,840,000 after acquiring an additional 160,645 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of PGIM Total Return Bond ETF by 235.7% in the first quarter. Cetera Investment Advisers now owns 110,790 shares of the company’s stock worth $4,599,000 after acquiring an additional 77,789 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of PGIM Total Return Bond ETF in the first quarter worth approximately $2,366,000. Private Wealth Asset Management LLC increased its position in shares of PGIM Total Return Bond ETF by 1,596.2% during the fourth quarter. Private Wealth Asset Management LLC now owns 53,684 shares of the company’s stock worth $2,257,000 after purchasing an additional 50,519 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC increased its position in shares of PGIM Total Return Bond ETF by 12.2% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock worth $11,130,000 after purchasing an additional 29,180 shares in the last quarter.

About PGIM Total Return Bond ETF

(Get Free Report)

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.

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