PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Trading Down 0.2% – Should You Sell?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) was down 0.2% on Monday . The stock traded as low as $42.08 and last traded at $42.09. Approximately 6,613 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 22,728 shares. The stock had previously closed at $42.19.

PGIM Active Aggregate Bond ETF Price Performance

The stock has a 50 day moving average of $42.23 and a 200 day moving average of $42.59.

Institutional Trading of PGIM Active Aggregate Bond ETF

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its position in PGIM Active Aggregate Bond ETF by 63.0% during the first quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after purchasing an additional 9,464 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of PGIM Active Aggregate Bond ETF by 423.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,435 shares of the company’s stock worth $1,779,000 after buying an additional 33,516 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in PGIM Active Aggregate Bond ETF in the third quarter valued at about $246,000. Larson Financial Group LLC boosted its stake in PGIM Active Aggregate Bond ETF by 56.2% in the third quarter. Larson Financial Group LLC now owns 595,402 shares of the company’s stock valued at $25,566,000 after buying an additional 214,108 shares in the last quarter. Finally, Coign Capital Advisors LLC grew its position in PGIM Active Aggregate Bond ETF by 7.4% in the fourth quarter. Coign Capital Advisors LLC now owns 173,764 shares of the company’s stock valued at $7,429,000 after acquiring an additional 11,912 shares during the last quarter.

About PGIM Active Aggregate Bond ETF

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. PAB was launched on Apr 15, 2021 and is managed by PGIM.