PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Volume Increase – Here’s What Happened

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-high trading volume on Monday . Approximately 318,939 shares traded hands during trading, an increase of 120% from the previous session’s volume of 144,712 shares.The stock last traded at $41.55 and had previously closed at $41.48.

PGIM Total Return Bond ETF Trading Down 0.4%

The stock’s fifty day moving average price is $41.57 and its two-hundred day moving average price is $41.91.

Institutional Trading of PGIM Total Return Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PTRB. Royal Bank of Canada bought a new stake in shares of PGIM Total Return Bond ETF during the 1st quarter worth $27,000. Everest Financial Group LLC bought a new stake in shares of PGIM Total Return Bond ETF during the 1st quarter worth $226,000. MML Investors Services LLC bought a new stake in shares of PGIM Total Return Bond ETF during the 4th quarter worth $233,000. GWN Securities Inc. bought a new stake in shares of PGIM Total Return Bond ETF during the 4th quarter worth $250,000. Finally, Cora Capital Advisors LLC lifted its stake in PGIM Total Return Bond ETF by 5.5% in the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after purchasing an additional 345 shares during 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.