PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 12-Month Low – Here’s Why

PGIM Total Return Bond ETF (NYSEARCA:PTRB)’s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $39.58 and last traded at $39.5350, with a volume of 40240 shares traded. The stock had previously closed at $39.63.

PGIM Total Return Bond ETF Price Performance

The stock’s 50 day moving average price is $40.71 and its 200 day moving average price is $41.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cora Capital Advisors LLC lifted its stake in PGIM Total Return Bond ETF by 5.5% during the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after acquiring an additional 345 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter worth $27,000. Integrated Wealth Concepts LLC raised its holdings in shares of PGIM Total Return Bond ETF by 0.7% in the second quarter. Integrated Wealth Concepts LLC now owns 191,679 shares of the company’s stock valued at $7,947,000 after purchasing an additional 1,242 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its position in shares of PGIM Total Return Bond ETF by 2.8% during the first quarter. Richards Merrill & Peterson Inc. now owns 65,214 shares of the company’s stock valued at $2,707,000 after purchasing an additional 1,767 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of PGIM Total Return Bond ETF by 3.4% during the second quarter. NewEdge Advisors LLC now owns 58,971 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,964 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.