Novem Group Makes New $6.33 Million Investment in PGIM Total Return Bond ETF (NYSEARCA:PTRB)

Novem Group purchased a new stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB) during the 4th quarter, Holdings Channel reports. The firm purchased 154,561 shares of the company’s stock, valued at approximately $6,331,000. PGIM Total Return Bond ETF accounts for about 0.9% of Novem Group’s holdings, making the stock its 25th largest position.

Several other large investors have also modified their holdings of the business. Genesis Private Wealth LLC purchased a new stake in PGIM Total Return Bond ETF in the 4th quarter valued at approximately $7,779,000. Janney Montgomery Scott LLC raised its holdings in shares of PGIM Total Return Bond ETF by 29.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,408 shares of the company’s stock worth $631,000 after acquiring an additional 3,489 shares during the last quarter. Team Financial Group LLC lifted its position in shares of PGIM Total Return Bond ETF by 7.9% in the fourth quarter. Team Financial Group LLC now owns 261,880 shares of the company’s stock valued at $10,727,000 after acquiring an additional 19,166 shares in the last quarter. Cora Capital Advisors LLC acquired a new stake in shares of PGIM Total Return Bond ETF during the fourth quarter valued at $219,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in PGIM Total Return Bond ETF during the 4th quarter worth about $268,000.

PGIM Total Return Bond ETF Stock Performance

NYSEARCA:PTRB opened at $41.06 on Wednesday. PGIM Total Return Bond ETF has a 12-month low of $40.21 and a 12-month high of $43.15. The company’s 50-day moving average is $41.28 and its two-hundred day moving average is $41.33.

PGIM Total Return Bond ETF Profile

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.