PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 12-Month Low – What’s Next?

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.57 and last traded at $40.5540, with a volume of 22243 shares changing hands. The stock had previously closed at $40.67.

PGIM Total Return Bond ETF Trading Down 0.7%

The stock has a fifty day moving average of $40.98 and a 200 day moving average of $41.44.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

A number of hedge funds have recently made changes to their positions in PTRB. Royal Bank of Canada purchased a new stake in PGIM Total Return Bond ETF during the first quarter worth about $27,000. Everest Financial Group LLC bought a new stake in PGIM Total Return Bond ETF in the first quarter worth about $226,000. MML Investors Services LLC purchased a new position in PGIM Total Return Bond ETF in the fourth quarter valued at about $233,000. GWN Securities Inc. purchased a new position in PGIM Total Return Bond ETF in the fourth quarter valued at about $250,000. Finally, Cora Capital Advisors LLC grew its position in shares of PGIM Total Return Bond ETF by 5.5% during the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after acquiring an additional 345 shares during the period.

About PGIM Total Return Bond ETF

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.