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

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw strong trading volume on Thursday . 408,802 shares traded hands during trading, an increase of 173% from the previous session’s volume of 149,692 shares.The stock last traded at $40.96 and had previously closed at $41.03.

PGIM Total Return Bond ETF Trading Down 0.2%

The company has a fifty day moving average of $41.32 and a two-hundred day moving average of $41.69.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTRB. Prosperity Financial Group Inc. raised its holdings in shares of PGIM Total Return Bond ETF by 17.3% in the fourth quarter. Prosperity Financial Group Inc. now owns 102,103 shares of the company’s stock worth $4,292,000 after buying an additional 15,057 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of PGIM Total Return Bond ETF by 21.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 123,204 shares of the company’s stock worth $5,179,000 after acquiring an additional 21,604 shares during the last quarter. MGO One Seven LLC purchased a new position in PGIM Total Return Bond ETF during the 4th quarter valued at $7,204,000. MSH Capital Advisors LLC boosted its holdings in PGIM Total Return Bond ETF by 48.7% during the 4th quarter. MSH Capital Advisors LLC now owns 57,315 shares of the company’s stock valued at $2,410,000 after acquiring an additional 18,759 shares during the period. Finally, Kelman Lazarov Inc. grew its position in PGIM Total Return Bond ETF by 20.5% in the 1st quarter. Kelman Lazarov Inc. now owns 78,482 shares of the company’s stock valued at $3,258,000 after acquiring an additional 13,339 shares during the last quarter.

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.