PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Trading Up 0.3% – Should You Buy?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB)’s stock price traded up 0.3% during mid-day trading on Monday . The stock traded as high as $41.85 and last traded at $41.85. 47 shares were traded during trading, a decline of 98% from the average session volume of 2,395 shares. The stock had previously closed at $41.72.

PGIM Active Aggregate Bond ETF Trading Up 0.1 %

The firm has a 50-day moving average of $41.61 and a two-hundred day moving average of $42.32.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAB. LPL Financial LLC bought a new position in PGIM Active Aggregate Bond ETF during the fourth quarter valued at approximately $433,000. Cora Capital Advisors LLC acquired a new position in shares of PGIM Active Aggregate Bond ETF during the 4th quarter worth $508,000. Finally, Jane Street Group LLC raised its holdings in shares of PGIM Active Aggregate Bond ETF by 55.5% during the 4th quarter. Jane Street Group LLC now owns 15,019 shares of the company’s stock valued at $623,000 after purchasing an additional 5,358 shares in the last quarter.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year.