PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 12-Month Low – Here’s Why

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $39.58 and last traded at $39.5350, with a volume of 40240 shares changing hands. The stock had previously closed at $39.63.

PGIM Total Return Bond ETF Stock Performance

The business has a 50-day moving average price of $40.71 and a 200 day moving average price of $41.25.

Institutional Trading of PGIM Total Return Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTRB. Royal Bank of Canada purchased a new position in PGIM Total Return Bond ETF during the 1st quarter valued at about $27,000. Everest Financial Group LLC purchased a new position in PGIM Total Return Bond ETF during the first quarter worth about $226,000. Cora Capital Advisors LLC increased its stake 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 acquiring an additional 345 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of PGIM Total Return Bond ETF in the 2nd quarter valued at about $449,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of PGIM Total Return Bond ETF during the fourth quarter worth about $830,000.

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.