PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Trading Up 1.7% – Here’s Why

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) traded up 1.7% during trading on Thursday . The company traded as high as $118.57 and last traded at $118.57. Approximately 1,857 shares were traded during trading, a decline of 51% from the average daily volume of 3,774 shares. The stock had previously closed at $116.64.

PGIM Jennison Focused Growth ETF Stock Performance

The firm’s fifty day moving average price is $116.04 and its 200 day moving average price is $110.82. The firm has a market cap of $140.48 million, a P/E ratio of 39.69 and a beta of 1.29.

Hedge Funds Weigh In On PGIM Jennison Focused Growth ETF

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of PGIM Jennison Focused Growth ETF in the 3rd quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in PGIM Jennison Focused Growth ETF during the fourth quarter valued at about $28,000. Prosperity Bancshares Inc purchased a new position in PGIM Jennison Focused Growth ETF in the fourth quarter valued at about $29,000. Motiv8 Investments LLC bought a new position in PGIM Jennison Focused Growth ETF in the fourth quarter worth about $36,000. Finally, CWM LLC lifted its position in shares of PGIM Jennison Focused Growth ETF by 8.7% during the fourth quarter. CWM LLC now owns 3,643 shares of the company’s stock valued at $405,000 after buying an additional 293 shares during the last quarter.

About PGIM Jennison Focused Growth ETF

The PGIM Jennison Focused Growth ETF (PJFG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of growth stocks from all over the world. PJFG was launched on Dec 12, 2022 and is managed by PGIM.