Fiduciary Group LLC Grows Stake in Pgim Aaa Clo Etf $PAAA

Fiduciary Group LLC boosted its stake in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 9.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 280,109 shares of the company’s stock after purchasing an additional 23,588 shares during the period. Pgim Aaa Clo Etf accounts for about 1.3% of Fiduciary Group LLC’s holdings, making the stock its 19th largest position. Fiduciary Group LLC’s holdings in Pgim Aaa Clo Etf were worth $14,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in shares of Pgim Aaa Clo Etf by 71.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,224 shares of the company’s stock worth $319,000 after purchasing an additional 2,593 shares during the period. Westside Investment Management Inc. bought a new stake in Pgim Aaa Clo Etf in the second quarter worth $524,000. Bridgewater Advisors Inc. purchased a new position in Pgim Aaa Clo Etf during the second quarter worth $231,000. Optivise Advisory Services LLC increased its position in Pgim Aaa Clo Etf by 5.2% during the second quarter. Optivise Advisory Services LLC now owns 13,301 shares of the company’s stock valued at $684,000 after acquiring an additional 657 shares during the last quarter. Finally, Atlas Wealth LLC raised its stake in shares of Pgim Aaa Clo Etf by 9.3% in the second quarter. Atlas Wealth LLC now owns 111,315 shares of the company’s stock valued at $5,704,000 after acquiring an additional 9,483 shares during the period.

Pgim Aaa Clo Etf Stock Performance

Pgim Aaa Clo Etf stock opened at $51.20 on Wednesday. Pgim Aaa Clo Etf has a 12-month low of $50.44 and a 12-month high of $52.06. The firm has a 50-day moving average price of $51.39 and a 200-day moving average price of $51.38.

Pgim Aaa Clo Etf Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a $0.1907 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, March 2nd.

Pgim Aaa Clo Etf 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.