PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Strong Trading Volume – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares saw unusually-strong trading volume on Thursday . 408,802 shares were traded during mid-day trading, an increase of 173% from the previous session’s volume of 149,692 shares.The stock last traded at $40.96 and had previously closed at $41.03.

PGIM Total Return Bond ETF Stock Performance

The firm’s fifty day moving average price is $41.30 and its 200-day moving average price is $41.68.

Institutional Trading of PGIM Total Return Bond ETF

A number of hedge funds have recently made changes to their positions in PTRB. Raymond James Financial Inc. increased its position in shares of PGIM Total Return Bond ETF by 158.6% during the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after buying an additional 556,673 shares during the period. Boyum Wealth Architects LLC increased its stake in shares of PGIM Total Return Bond ETF by 41.2% in the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock worth $25,553,000 after acquiring an additional 176,871 shares in the last quarter. MGO One Seven LLC purchased a new position in PGIM Total Return Bond ETF during the 4th quarter valued at about $7,204,000. FAS Wealth Partners Inc. lifted its position in PGIM Total Return Bond ETF by 25.5% during the 1st 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 period. Finally, Commonwealth Equity Services LLC boosted its stake in PGIM Total Return Bond ETF by 21.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 467,460 shares of the company’s stock worth $19,652,000 after acquiring an additional 83,937 shares in the last quarter.

About PGIM Total Return Bond ETF

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.