PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Strong Trading Volume – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares saw an uptick in trading volume on Monday . Approximately 468,532 shares were traded during trading, an increase of 227% from the previous session’s volume of 143,481 shares.The stock last traded at $41.18 and had previously closed at $41.28.

PGIM Total Return Bond ETF Stock Down 0.3%

The company has a 50 day moving average price of $41.41 and a 200 day moving average price of $41.79.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PTRB. Royal Bank of Canada purchased a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter valued at approximately $27,000. Everest Financial Group LLC purchased a new position in shares of PGIM Total Return Bond ETF during the 1st quarter worth approximately $226,000. MML Investors Services LLC acquired a new stake in PGIM Total Return Bond ETF in the 4th quarter valued at approximately $233,000. GWN Securities Inc. purchased a new stake in PGIM Total Return Bond ETF in the fourth quarter valued at approximately $250,000. Finally, Cora Capital Advisors LLC raised its position in PGIM Total Return Bond ETF by 5.5% in the first quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after purchasing an additional 345 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.