Cary Street Partners Investment Advisory LLC Invests $1.86 Million in PGIM Portfolio Ballast ETF $PBL

Cary Street Partners Investment Advisory LLC acquired a new position in PGIM Portfolio Ballast ETF (BATS:PBL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 60,306 shares of the company’s stock, valued at approximately $1,863,000.

A number of other hedge funds have also recently made changes to their positions in the business. Cary Street Partners Financial LLC lifted its holdings in shares of PGIM Portfolio Ballast ETF by 4.6% in the 4th quarter. Cary Street Partners Financial LLC now owns 1,232,149 shares of the company’s stock worth $38,073,000 after acquiring an additional 53,804 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of PGIM Portfolio Ballast ETF in the 3rd quarter worth approximately $538,000. Jane Street Group LLC bought a new stake in shares of PGIM Portfolio Ballast ETF in the 2nd quarter worth approximately $530,000. Finally, Royal Bank of Canada raised its holdings in PGIM Portfolio Ballast ETF by 108.4% during the 1st quarter. Royal Bank of Canada now owns 10,692 shares of the company’s stock valued at $293,000 after buying an additional 5,562 shares during the last quarter.

PGIM Portfolio Ballast ETF Stock Performance

BATS:PBL opened at $32.87 on Tuesday. The company has a fifty day moving average of $31.40 and a 200 day moving average of $31.27. PGIM Portfolio Ballast ETF has a 52 week low of $27.97 and a 52 week high of $33.18.

PGIM Portfolio Ballast ETF Company Profile

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.