Moody National Bank Trust Division Acquires 141,316 Shares of PGIM Floating Rate Income ETF $PFRL

Moody National Bank Trust Division acquired a new stake in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 141,316 shares of the company’s stock, valued at approximately $6,996,000. Moody National Bank Trust Division owned about 5.33% of PGIM Floating Rate Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in PGIM Floating Rate Income ETF by 13,533.3% in the 1st quarter. Royal Bank of Canada now owns 818 shares of the company’s stock worth $40,000 after purchasing an additional 812 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PGIM Floating Rate Income ETF by 23.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,036 shares of the company’s stock valued at $348,000 after buying an additional 1,317 shares in the last quarter. Tactive Advisors LLC increased its holdings in PGIM Floating Rate Income ETF by 24.8% in the second quarter. Tactive Advisors LLC now owns 8,262 shares of the company’s stock worth $409,000 after buying an additional 1,641 shares during the last quarter. Focus Financial Network Inc. bought a new position in PGIM Floating Rate Income ETF during the second quarter valued at approximately $693,000. Finally, Kestra Advisory Services LLC raised its position in PGIM Floating Rate Income ETF by 213.9% during the first quarter. Kestra Advisory Services LLC now owns 21,051 shares of the company’s stock valued at $1,025,000 after acquiring an additional 14,345 shares in the last quarter.

PGIM Floating Rate Income ETF Stock Performance

PFRL stock traded up $0.06 during trading hours on Tuesday, hitting $49.53. The company’s stock had a trading volume of 12,484 shares, compared to its average volume of 14,106. PGIM Floating Rate Income ETF has a 12 month low of $48.60 and a 12 month high of $50.20. The stock has a 50 day moving average price of $49.73 and a two-hundred day moving average price of $49.50.

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.