PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Unusually-High Trading Volume – Here’s Why

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw strong trading volume on Monday . 597,133 shares traded hands during trading, an increase of 324% from the previous session’s volume of 140,872 shares.The stock last traded at $41.26 and had previously closed at $41.23.

PGIM Total Return Bond ETF Trading Up 0.0%

The company has a fifty day simple moving average of $41.58 and a 200-day simple moving average of $41.96.

Institutional Trading of PGIM Total Return Bond ETF

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new stake in PGIM Total Return Bond ETF during the first quarter valued at about $2,366,000. Royal Bank of Canada bought a new stake in PGIM Total Return Bond ETF during the first quarter valued at about $27,000. Everest Financial Group LLC bought a new stake in PGIM Total Return Bond ETF during the first quarter valued at about $226,000. Cetera Investment Advisers grew its holdings in PGIM Total Return Bond ETF by 235.7% during the first quarter. Cetera Investment Advisers now owns 110,790 shares of the company’s stock valued at $4,599,000 after purchasing an additional 77,789 shares during the period. Finally, RFG Bristol Wealth Advisors LLC grew its holdings in PGIM Total Return Bond ETF by 12.2% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock valued at $11,130,000 after purchasing an additional 29,180 shares during the period.

PGIM Total Return Bond ETF Company Profile

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.