PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 1-Year Low – What’s Next?

PGIM Total Return Bond ETF (NYSEARCA:PTRB)’s share price reached a new 52-week low on Friday . The company traded as low as $40.18 and last traded at $40.18, with a volume of 999 shares changing hands. The stock had previously closed at $40.99.

PGIM Total Return Bond ETF Trading Down 0.6%

The business’s fifty day moving average price is $41.36 and its 200-day moving average price is $41.72.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

A number of hedge funds have recently added to or reduced their stakes in PTRB. Prosperity Financial Group Inc. increased its holdings in PGIM Total Return Bond ETF by 17.3% during the 4th quarter. Prosperity Financial Group Inc. now owns 102,103 shares of the company’s stock worth $4,292,000 after purchasing an additional 15,057 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of PGIM Total Return Bond ETF by 21.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 123,204 shares of the company’s stock worth $5,179,000 after purchasing an additional 21,604 shares during the last quarter. MSH Capital Advisors LLC lifted its holdings in shares of PGIM Total Return Bond ETF by 48.7% in the fourth quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock valued at $2,410,000 after purchasing an additional 18,759 shares in the last quarter. MGO One Seven LLC bought a new position in shares of PGIM Total Return Bond ETF in the fourth quarter valued at approximately $7,204,000. Finally, Kelman Lazarov Inc. lifted its holdings in shares of PGIM Total Return Bond ETF by 20.5% in the first quarter. Kelman Lazarov Inc. now owns 78,482 shares of the company’s stock valued at $3,258,000 after purchasing an additional 13,339 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.