PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Unusually-High Trading Volume – Should You Buy?

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-high trading volume on Thursday . 408,802 shares changed hands during 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 Down 0.2%

The stock’s fifty day moving average price is $41.32 and its 200 day moving average price is $41.69.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Several institutional investors have recently bought and sold shares of the business. Cora Capital Advisors LLC increased its position in shares of PGIM Total Return Bond ETF by 5.5% during the first quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after purchasing an additional 345 shares in the last quarter. Golden State Equity Partners boosted its position in shares of PGIM Total Return Bond ETF by 5.0% in the 4th quarter. Golden State Equity Partners now owns 11,681 shares of the company’s stock worth $492,000 after purchasing an additional 560 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter worth $27,000. Richards Merrill & Peterson Inc. grew its stake in PGIM Total Return Bond ETF by 2.8% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 65,214 shares of the company’s stock worth $2,707,000 after buying an additional 1,767 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in PGIM Total Return Bond ETF by 17.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,863 shares of the company’s stock worth $541,000 after buying an additional 1,946 shares during the last quarter.

PGIM Total Return Bond ETF Company Profile

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.