PGIM Total Return Bond ETF (NYSEARCA:PTRB) Reaches New 52-Week Low – Should You Sell?

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.57 and last traded at $40.5540, with a volume of 22243 shares. The stock had previously closed at $40.67.

PGIM Total Return Bond ETF Stock Down 0.2%

The firm has a 50 day moving average of $41.02 and a 200 day moving average of $41.47.

Institutional Inflows and Outflows

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

About PGIM Total Return Bond ETF

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.