Riverchase Wealth Management LLC Grows Holdings in Pgim Aaa Clo Etf $PAAA

Riverchase Wealth Management LLC raised its position in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 90.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,131 shares of the company’s stock after buying an additional 11,906 shares during the period. Pgim Aaa Clo Etf comprises 0.7% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Riverchase Wealth Management LLC’s holdings in Pgim Aaa Clo Etf were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Pgim Aaa Clo Etf in the third quarter valued at about $26,000. CWM LLC acquired a new stake in shares of Pgim Aaa Clo Etf in the third quarter valued at about $26,000. AE Wealth Management LLC acquired a new stake in shares of Pgim Aaa Clo Etf in the third quarter valued at about $42,000. J.Safra Asset Management Corp grew its position in shares of Pgim Aaa Clo Etf by 114.6% in the third quarter. J.Safra Asset Management Corp now owns 2,423 shares of the company’s stock valued at $125,000 after purchasing an additional 1,294 shares during the period. Finally, Team Financial Group LLC grew its position in shares of Pgim Aaa Clo Etf by 75.2% in the fourth quarter. Team Financial Group LLC now owns 2,516 shares of the company’s stock valued at $129,000 after purchasing an additional 1,080 shares during the period.

Pgim Aaa Clo Etf Stock Performance

Shares of NYSEARCA PAAA opened at $51.31 on Tuesday. The company’s 50-day simple moving average is $51.32 and its 200-day simple moving average is $51.35. Pgim Aaa Clo Etf has a 52-week low of $51.10 and a 52-week 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.