PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 1-Year Low – Should You Sell?

PGIM Total Return Bond ETF (NYSEARCA:PTRBGet Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $40.64 and last traded at $40.67, with a volume of 4335 shares changing hands. The stock had previously closed at $40.74.

PGIM Total Return Bond ETF Stock Down 0.1%

The firm’s 50 day moving average is $41.14 and its 200-day moving average is $41.54.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new position in shares of PGIM Total Return Bond ETF in the first quarter worth about $27,000. Everest Financial Group LLC acquired a new stake in PGIM Total Return Bond ETF in the 1st quarter valued at 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. bought a new position in PGIM Total Return Bond ETF in the 4th quarter worth approximately $250,000. Finally, Cora Capital Advisors LLC increased its position in PGIM Total Return Bond ETF by 5.5% in the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after buying an additional 345 shares during the period.

About PGIM Total Return Bond ETF

(Get Free Report)

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.

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