IFP Advisors Inc Sells 146,601 Shares of Pgim Aaa Clo Etf $PAAA

IFP Advisors Inc decreased its position in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 74.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,075 shares of the company’s stock after selling 146,601 shares during the period. IFP Advisors Inc’s holdings in Pgim Aaa Clo Etf were worth $2,579,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PAAA. CWM LLC purchased a new position in shares of Pgim Aaa Clo Etf in the 3rd quarter worth approximately $26,000. Nemes Rush Group LLC purchased a new stake in shares of Pgim Aaa Clo Etf during the third quarter valued at approximately $26,000. AE Wealth Management LLC purchased a new stake in shares of Pgim Aaa Clo Etf during the third quarter valued at approximately $42,000. Team Financial Group LLC bought a new stake in Pgim Aaa Clo Etf during the third quarter worth $74,000. Finally, J.Safra Asset Management Corp lifted its holdings in Pgim Aaa Clo Etf by 114.6% during the third quarter. J.Safra Asset Management Corp now owns 2,423 shares of the company’s stock worth $125,000 after acquiring an additional 1,294 shares during the period.

Pgim Aaa Clo Etf Price Performance

PAAA stock opened at $51.31 on Friday. The stock’s fifty day simple moving average is $51.38 and its two-hundred day simple moving average is $51.36. Pgim Aaa Clo Etf has a 1-year low of $50.44 and a 1-year high of $52.06.

Pgim Aaa Clo Etf Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1907 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, March 2nd.

About Pgim Aaa Clo Etf

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.