PGIM Total Return Bond ETF (NYSEARCA:PTRB) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

PGIM Total Return Bond ETF (NYSEARCA:PTRB – Get Free Report)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $40.10 and traded as low as $40.03. PGIM Total Return Bond ETF shares last traded at $40.07, with a volume of 223,610 shares.

PGIM Total Return Bond ETF Stock Performance

The stock’s 50-day moving average is $40.10 and its 200-day moving average is $41.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PTRB. Citadel Advisors LLC raised its holdings in PGIM Total Return Bond ETF by 69.0% in the 2nd quarter. Citadel Advisors LLC now owns 43,823 shares of the company’s stock valued at $1,817,000 after acquiring an additional 17,895 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter worth approximately $2,366,000. Team Financial Group LLC grew its holdings in shares of PGIM Total Return Bond ETF by 4.9% during the 1st quarter. Team Financial Group LLC now owns 333,938 shares of the company’s stock worth $13,862,000 after purchasing an additional 15,736 shares in the last quarter. RFG Bristol Wealth Advisors LLC grew its holdings in shares of PGIM Total Return Bond ETF by 12.2% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock worth $11,130,000 after purchasing an additional 29,180 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new stake in shares of PGIM Total Return Bond ETF during the 3rd quarter worth approximately $12,809,000.

PGIM Total Return Bond ETF Company Profile

(Get Free Report)

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.

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