PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Trading 0.4% Higher – Here’s Why

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB)’s share price traded up 0.4% during trading on Wednesday . The company traded as high as $41.93 and last traded at $41.91. 91,947 shares changed hands during mid-day trading, an increase of 1,966% from the average session volume of 4,449 shares. The stock had previously closed at $41.76.

PGIM Active Aggregate Bond ETF Trading Down 0.3 %

The company’s fifty day moving average is $42.05 and its two-hundred day moving average is $42.01.

Hedge Funds Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in PAB. Cora Capital Advisors LLC acquired a new position in PGIM Active Aggregate Bond ETF during the 4th quarter worth $508,000. LPL Financial LLC acquired a new position in PGIM Active Aggregate Bond ETF in the fourth quarter worth about $433,000. Finally, Jane Street Group LLC increased its holdings in PGIM Active Aggregate Bond ETF by 55.5% in the fourth quarter. Jane Street Group LLC now owns 15,019 shares of the company’s stock valued at $623,000 after buying an additional 5,358 shares during the last quarter.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year.