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

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-high trading volume on Monday . Approximately 468,532 shares were traded during mid-day trading, an increase of 227% from the previous session’s volume of 143,481 shares.The stock last traded at $41.18 and had previously closed at $41.28.

PGIM Total Return Bond ETF Trading Down 0.2%

The company has a fifty day simple moving average of $41.40 and a 200-day simple moving average of $41.78.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PTRB. Prosperity Financial Group Inc. raised its holdings in PGIM Total Return Bond ETF by 17.3% during the fourth quarter. Prosperity Financial Group Inc. now owns 102,103 shares of the company’s stock valued at $4,292,000 after acquiring an additional 15,057 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of PGIM Total Return Bond ETF by 21.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 123,204 shares of the company’s stock worth $5,179,000 after acquiring an additional 21,604 shares during the period. MSH Capital Advisors LLC grew its position in shares of PGIM Total Return Bond ETF by 48.7% during the fourth quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock worth $2,410,000 after purchasing an additional 18,759 shares in the last quarter. MGO One Seven LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the fourth quarter worth about $7,204,000. Finally, Boyum Wealth Architects LLC grew its position in shares of PGIM Total Return Bond ETF by 41.2% during the fourth quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock worth $25,553,000 after purchasing an additional 176,871 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.