PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 52-Week Low – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB)’s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as $39.26 and last traded at $39.3450, with a volume of 5799 shares trading hands. The stock had previously closed at $39.47.

PGIM Total Return Bond ETF Stock Down 0.2%

The company has a 50 day moving average price of $40.52 and a 200 day moving average price of $41.15.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter valued at approximately $27,000. Everest Financial Group LLC purchased a new position in shares of PGIM Total Return Bond ETF during the 1st quarter worth approximately $226,000. Cora Capital Advisors LLC boosted its position in shares of PGIM Total Return Bond ETF by 5.5% during the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after purchasing an additional 345 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in PGIM Total Return Bond ETF in the 2nd quarter valued at approximately $449,000. Finally, Rockefeller Capital Management L.P. increased its holdings in PGIM Total Return Bond ETF by 470.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 20,848 shares of the company’s stock valued at $876,000 after purchasing an additional 17,195 shares during the last quarter.

About PGIM Total Return Bond ETF

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.