PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Trading Down 0.2% – Time to Sell?

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG)’s stock price traded down 0.2% on Wednesday . The stock traded as low as $119.18 and last traded at $119.18. 3,294 shares were traded during trading, a decline of 18% from the average daily volume of 4,013 shares. The stock had previously closed at $119.40.

PGIM Jennison Focused Growth ETF Stock Up 0.9%

The company has a market cap of $142.36 million, a PE ratio of 39.69 and a beta of 1.29. The firm’s fifty day simple moving average is $115.48 and its 200-day simple moving average is $109.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Prosperity Financial Group Inc. grew its holdings in PGIM Jennison Focused Growth ETF by 3.5% during the 4th quarter. Prosperity Financial Group Inc. now owns 54,026 shares of the company’s stock valued at $6,009,000 after buying an additional 1,821 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of PGIM Jennison Focused Growth ETF by 81.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,139 shares of the company’s stock worth $1,016,000 after acquiring an additional 4,111 shares during the last quarter. Stifel Financial Corp lifted its position in shares of PGIM Jennison Focused Growth ETF by 232.9% in the fourth quarter. Stifel Financial Corp now owns 8,456 shares of the company’s stock valued at $941,000 after acquiring an additional 5,916 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of PGIM Jennison Focused Growth ETF in the second quarter valued at $848,000. Finally, HighTower Advisors LLC boosted its stake in shares of PGIM Jennison Focused Growth ETF by 2.5% during the fourth quarter. HighTower Advisors LLC now owns 4,495 shares of the company’s stock valued at $500,000 after acquiring an additional 110 shares during the last quarter.

About PGIM Jennison Focused Growth ETF

The PGIM Jennison Focused Growth ETF (PJFG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of growth stocks from all over the world. PJFG was launched on Dec 12, 2022 and is managed by PGIM.