PGIM Short Duration Multi-Sector Bond ETF $PSDM Shares Purchased by Team Financial Group LLC

Team Financial Group LLC increased its holdings in shares of PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,966 shares of the company’s stock after purchasing an additional 44,499 shares during the quarter. PGIM Short Duration Multi-Sector Bond ETF makes up 5.4% of Team Financial Group LLC’s portfolio, making the stock its 6th biggest holding. Team Financial Group LLC owned approximately 16.64% of PGIM Short Duration Multi-Sector Bond ETF worth $13,148,000 as of its most recent SEC filing.

Separately, Ascentis Independent Advisors purchased a new stake in PGIM Short Duration Multi-Sector Bond ETF during the 1st quarter valued at approximately $398,000.

PGIM Short Duration Multi-Sector Bond ETF Stock Up 0.2%

Shares of PSDM opened at $50.33 on Thursday. PGIM Short Duration Multi-Sector Bond ETF has a 1 year low of $49.97 and a 1 year high of $51.77. The company has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $50.96.

PGIM Short Duration Multi-Sector Bond ETF Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.