Richards Merrill & Peterson Inc. Makes New Investment in PGIM Total Return Bond ETF $PTRB

Richards Merrill & Peterson Inc. bought a new stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 71,274 shares of the company’s stock, valued at approximately $2,811,000. PGIM Total Return Bond ETF accounts for approximately 0.8% of Richards Merrill & Peterson Inc.’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc bought a new position in PGIM Total Return Bond ETF during the 3rd quarter valued at about $502,000. WealthPLAN Partners LLC bought a new stake in PGIM Total Return Bond ETF during the third quarter worth about $813,000. Howard Financial Services LTD. grew its stake in PGIM Total Return Bond ETF by 2.3% during the third quarter. Howard Financial Services LTD. now owns 796,745 shares of the company’s stock worth $31,424,000 after buying an additional 18,182 shares during the last quarter. Fermata Advisors LLC bought a new stake in PGIM Total Return Bond ETF during the third quarter worth about $1,013,000. Finally, RFG Bristol Wealth Advisors LLC increased its holdings in shares of PGIM Total Return Bond ETF by 9.7% during the third quarter. RFG Bristol Wealth Advisors LLC now owns 307,726 shares of the company’s stock worth $12,137,000 after buying an additional 27,184 shares in the last quarter.

PGIM Total Return Bond ETF Stock Performance

Shares of NYSEARCA:PTRB traded down $0.12 during trading on Monday, reaching $39.73. The stock had a trading volume of 86,109 shares, compared to its average volume of 159,446. PGIM Total Return Bond ETF has a 52 week low of $39.26 and a 52 week high of $42.78. The business’s 50-day moving average price is $40.32 and its 200 day moving average price is $41.04.

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.