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

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

PGIM Jennison Focused Growth ETF Stock Performance

The firm’s 50 day moving average price is $116.01 and its two-hundred day moving average price is $110.77. The company has a market cap of $141.10 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 institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in PGIM Jennison Focused Growth ETF in the 2nd quarter valued at about $848,000. JPMorgan Chase & Co. bought a new position in PGIM Jennison Focused Growth ETF in the third quarter worth approximately $27,000. Prosperity Financial Group Inc. boosted its holdings in PGIM Jennison Focused Growth ETF by 3.0% in the third quarter. Prosperity Financial Group Inc. now owns 52,205 shares of the company’s stock worth $5,759,000 after acquiring an additional 1,509 shares in the last quarter. CWM LLC boosted its holdings in PGIM Jennison Focused Growth ETF by 8.7% in the fourth quarter. CWM LLC now owns 3,643 shares of the company’s stock worth $405,000 after acquiring an additional 293 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in PGIM Jennison Focused Growth ETF by 2.5% in the fourth quarter. HighTower Advisors LLC now owns 4,495 shares of the company’s stock valued at $500,000 after acquiring an additional 110 shares during the period.

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.