PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 52-Week Low – Here’s Why

PGIM Total Return Bond ETF (NYSEARCA:PTRB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $40.15 and last traded at $40.1350, with a volume of 12103 shares. The stock had previously closed at $40.36.

PGIM Total Return Bond ETF Trading Down 0.9%

The firm has a 50-day moving average of $40.82 and a two-hundred day moving average of $41.31.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Institutional investors have recently made changes to their positions in the company. Apollon Wealth Management LLC grew its position in PGIM Total Return Bond ETF by 0.9% during the first quarter. Apollon Wealth Management LLC now owns 1,728,202 shares of the company’s stock valued at $71,738,000 after buying an additional 15,822 shares during the period. FAS Wealth Partners Inc. raised its position in shares of PGIM Total Return Bond ETF by 25.5% in the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock worth $32,840,000 after acquiring an additional 160,645 shares during the period. Advisory Resource Group raised its position in shares of PGIM Total Return Bond ETF by 3.9% in the fourth quarter. Advisory Resource Group now owns 472,860 shares of the company’s stock worth $19,879,000 after acquiring an additional 17,682 shares during the period. Team Financial Group LLC boosted its stake in shares of PGIM Total Return Bond ETF by 4.9% during the 1st quarter. Team Financial Group LLC now owns 333,938 shares of the company’s stock worth $13,862,000 after acquiring an additional 15,736 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in shares of PGIM Total Return Bond ETF by 1.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 312,147 shares of the company’s stock worth $12,942,000 after acquiring an additional 3,317 shares in 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.