PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Strong Trading Volume – Here’s Why

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-strong trading volume on Monday . 218,633 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 145,806 shares.The stock last traded at $41.04 and had previously closed at $40.95.

PGIM Total Return Bond ETF Stock Performance

The stock’s 50-day moving average price is $41.37 and its two-hundred day moving average price is $41.75.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its stake in PGIM Total Return Bond ETF by 158.6% during the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock worth $38,307,000 after purchasing an additional 556,673 shares during the last quarter. Boyum Wealth Architects LLC boosted its holdings in PGIM Total Return Bond ETF by 41.2% during the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock valued at $25,553,000 after acquiring an additional 176,871 shares during the period. MGO One Seven LLC bought a new position in shares of PGIM Total Return Bond ETF in the fourth quarter worth approximately $7,204,000. FAS Wealth Partners Inc. grew its holdings in PGIM Total Return Bond ETF by 25.5% in the 1st 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 last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of PGIM Total Return Bond ETF by 21.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,460 shares of the company’s stock worth $19,652,000 after purchasing an additional 83,937 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.