PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Shares Down 0.4% – Should You Sell?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) shares fell 0.4% during trading on Tuesday . The stock traded as low as $42.17 and last traded at $42.17. 9,690 shares were traded during mid-day trading, an increase of 357% from the average session volume of 2,119 shares. The stock had previously closed at $42.33.

PGIM Active Aggregate Bond ETF Price Performance

The firm has a 50-day moving average of $41.78 and a 200 day moving average of $42.25.

Institutional Trading of PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PAB. Cora Capital Advisors LLC bought a new stake in shares of PGIM Active Aggregate Bond ETF in the 4th quarter worth $508,000. LPL Financial LLC bought a new stake in shares of PGIM Active Aggregate Bond ETF in the 4th quarter worth $433,000. Finally, Jane Street Group LLC raised its stake in shares of PGIM Active Aggregate Bond ETF by 55.5% in the 4th quarter. Jane Street Group LLC now owns 15,019 shares of the company’s stock worth $623,000 after buying an additional 5,358 shares in the last quarter.

About PGIM Active Aggregate Bond ETF

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year.