Redstone Wealth Management LLC Takes Position in Pgim Aaa Clo Etf $PAAA

Redstone Wealth Management LLC purchased a new stake in Pgim Aaa Clo Etf (NYSEARCA:PAAA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,037 shares of the company’s stock, valued at approximately $1,591,000. Pgim Aaa Clo Etf accounts for approximately 1.3% of Redstone Wealth Management LLC’s holdings, making the stock its 14th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Pgim Aaa Clo Etf by 105.6% in the third quarter. Envestnet Asset Management Inc. now owns 568,779 shares of the company’s stock worth $29,292,000 after purchasing an additional 292,154 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pgim Aaa Clo Etf by 32.7% in the third quarter. JPMorgan Chase & Co. now owns 973,087 shares of the company’s stock worth $50,114,000 after purchasing an additional 239,829 shares in the last quarter. Breakwater Capital Group lifted its position in shares of Pgim Aaa Clo Etf by 124.2% in the third quarter. Breakwater Capital Group now owns 30,353 shares of the company’s stock worth $1,563,000 after purchasing an additional 16,816 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Pgim Aaa Clo Etf by 54.3% in the fourth quarter. AdvisorNet Financial Inc now owns 258,014 shares of the company’s stock worth $13,226,000 after purchasing an additional 90,751 shares in the last quarter. Finally, Everest Management Corp. lifted its position in shares of Pgim Aaa Clo Etf by 86.5% in the third quarter. Everest Management Corp. now owns 21,672 shares of the company’s stock worth $1,116,000 after purchasing an additional 10,050 shares in the last quarter.

Pgim Aaa Clo Etf Price Performance

Shares of PAAA stock opened at $51.49 on Monday. The company’s fifty day simple moving average is $51.34 and its 200-day simple moving average is $51.35. Pgim Aaa Clo Etf has a 12 month low of $51.16 and a 12 month high of $51.54.

Pgim Aaa Clo Etf Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.