K2 Financial Inc. Makes New $3.07 Million Investment in Pgim Aaa Clo Etf $PAAA

K2 Financial Inc. purchased a new position in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,765 shares of the company’s stock, valued at approximately $3,071,000. Pgim Aaa Clo Etf comprises approximately 2.1% of K2 Financial Inc.’s holdings, making the stock its 16th biggest holding.

Other hedge funds also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Pgim Aaa Clo Etf in the third quarter worth $26,000. Richards Merrill & Peterson Inc. acquired a new position in Pgim Aaa Clo Etf during the 1st quarter valued at $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Pgim Aaa Clo Etf in the 4th quarter valued at $37,000. NewEdge Advisors LLC boosted its holdings in Pgim Aaa Clo Etf by 874.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,173 shares of the company’s stock valued at $111,000 after purchasing an additional 1,950 shares during the period. Finally, Team Financial Group LLC boosted its holdings in Pgim Aaa Clo Etf by 75.2% in the 4th quarter. Team Financial Group LLC now owns 2,516 shares of the company’s stock valued at $129,000 after purchasing an additional 1,080 shares during the period.

Pgim Aaa Clo Etf Price Performance

NYSEARCA PAAA remained flat at $51.33 during midday trading on Tuesday. 476,671 shares of the company’s stock traded hands, compared to its average volume of 2,059,807. The stock has a fifty day moving average of $51.39 and a two-hundred day moving average of $51.36. Pgim Aaa Clo Etf has a 52 week low of $51.16 and a 52 week high of $51.54.

Pgim Aaa Clo Etf Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.