AssuredPartners Investment Advisors LLC Makes New Investment in PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

AssuredPartners Investment Advisors LLC acquired a new position in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,573 shares of the company’s stock, valued at approximately $3,124,000. AssuredPartners Investment Advisors LLC owned approximately 3.48% of PGIM Floating Rate Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in shares of PGIM Floating Rate Income ETF by 20.7% in the 4th quarter. Prudential Financial Inc. now owns 583,500 shares of the company’s stock worth $29,350,000 after buying an additional 100,000 shares during the last quarter. Mariner LLC purchased a new position in shares of PGIM Floating Rate Income ETF in the 4th quarter worth approximately $717,000. Moody National Bank Trust Division boosted its stake in shares of PGIM Floating Rate Income ETF by 11.7% in the 1st quarter. Moody National Bank Trust Division now owns 123,339 shares of the company’s stock worth $6,158,000 after buying an additional 12,968 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of PGIM Floating Rate Income ETF by 5.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 148,673 shares of the company’s stock worth $7,478,000 after buying an additional 8,066 shares during the last quarter. Finally, Tepp RIA LLC purchased a new position in shares of PGIM Floating Rate Income ETF in the 4th quarter worth approximately $261,000.

PGIM Floating Rate Income ETF Stock Performance

Shares of NYSEARCA PFRL opened at $49.94 on Tuesday. PGIM Floating Rate Income ETF has a twelve month low of $45.19 and a twelve month high of $51.06. The stock’s 50 day moving average price is $49.46 and its 200-day moving average price is $49.91.

PGIM Floating Rate Income ETF Company Profile

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.