PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Volume Increase – Time to Buy?

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares saw unusually-high trading volume on Friday . Approximately 244,870 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 145,670 shares.The stock last traded at $41.24 and had previously closed at $41.26.

PGIM Total Return Bond ETF Trading Down 0.0%

The company has a 50 day moving average price of $41.46 and a 200 day moving average price of $41.83.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Several institutional investors have recently bought and sold shares of PTRB. Genesis Private Wealth LLC increased its position in PGIM Total Return Bond ETF by 8.9% during the 4th quarter. Genesis Private Wealth LLC now owns 222,673 shares of the company’s stock worth $9,361,000 after purchasing an additional 18,200 shares during the period. Prosperity Financial Group Inc. lifted its holdings in shares of PGIM Total Return Bond ETF by 17.3% in the 4th quarter. Prosperity Financial Group Inc. now owns 102,103 shares of the company’s stock valued at $4,292,000 after buying an additional 15,057 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of PGIM Total Return Bond ETF by 21.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 123,204 shares of the company’s stock valued at $5,179,000 after buying an additional 21,604 shares during the period. Maia Wealth LLC boosted its stake in shares of PGIM Total Return Bond ETF by 37.7% in the third quarter. Maia Wealth LLC now owns 71,247 shares of the company’s stock valued at $3,005,000 after buying an additional 19,516 shares in the last quarter. Finally, MSH Capital Advisors LLC boosted its stake in shares of PGIM Total Return Bond ETF by 48.7% in the fourth quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock valued at $2,410,000 after buying an additional 18,759 shares in the last quarter.

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.