Steel Grove Capital Advisors LLC grew its stake in PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM – Free Report) by 76.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,809 shares of the company’s stock after acquiring an additional 29,778 shares during the quarter. Steel Grove Capital Advisors LLC owned about 4.36% of PGIM Short Duration Multi-Sector Bond ETF worth $3,542,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Thoroughbred Financial Services LLC purchased a new position in shares of PGIM Short Duration Multi-Sector Bond ETF in the 3rd quarter valued at $241,000. IFP Advisors Inc raised its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 30.8% during the 3rd quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock worth $1,507,000 after acquiring an additional 6,879 shares in the last quarter. Finally, Team Financial Group LLC raised its stake in shares of PGIM Short Duration Multi-Sector Bond ETF by 9.5% during the 4th quarter. Team Financial Group LLC now owns 190,379 shares of the company’s stock worth $9,799,000 after acquiring an additional 16,459 shares in the last quarter.
PGIM Short Duration Multi-Sector Bond ETF Trading Up 0.1%
BATS PSDM opened at $51.16 on Wednesday. The company has a 50 day moving average price of $51.15 and a 200 day moving average price of $51.39. PGIM Short Duration Multi-Sector Bond ETF has a 52 week low of $50.79 and a 52 week high of $52.03.
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.
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