PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw strong trading volume on Monday . 597,133 shares traded hands during mid-day trading, an increase of 324% from the previous session’s volume of 140,872 shares.The stock last traded at $41.26 and had previously closed at $41.23.

PGIM Total Return Bond ETF Trading Down 0.1%

The business has a fifty day moving average price of $41.58 and a 200-day moving average price of $41.95.

Institutional Trading of PGIM Total Return Bond ETF

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its stake in PGIM Total Return Bond ETF by 158.6% in the third quarter. Raymond James Financial Inc. now owns 907,752 shares of the company’s stock valued at $38,307,000 after purchasing an additional 556,673 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in PGIM Total Return Bond ETF during the third quarter worth about $7,708,000. Boyum Wealth Architects LLC increased its holdings in PGIM Total Return Bond ETF by 41.2% in the 4th quarter. Boyum Wealth Architects LLC now owns 605,802 shares of the company’s stock valued at $25,553,000 after buying an additional 176,871 shares during the period. MGO One Seven LLC bought a new position in PGIM Total Return Bond ETF in the 4th quarter valued at about $7,204,000. Finally, FAS Wealth Partners Inc. raised its position in shares of 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 valued at $32,840,000 after buying an additional 160,645 shares in the last quarter.

PGIM Total Return Bond ETF Company Profile

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.