IFP Advisors Inc Sells 146,601 Shares of Pgim Aaa Clo Etf $PAAA

IFP Advisors Inc trimmed its position in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 74.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,075 shares of the company’s stock after selling 146,601 shares during the quarter. IFP Advisors Inc owned approximately 0.05% of Pgim Aaa Clo Etf worth $2,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAAA. Ameriprise Financial Inc. bought a new stake in Pgim Aaa Clo Etf during the 3rd quarter worth approximately $56,978,000. Bank of America Corp DE raised its stake in shares of Pgim Aaa Clo Etf by 21.8% during the second quarter. Bank of America Corp DE now owns 5,219,399 shares of the company’s stock valued at $268,538,000 after acquiring an additional 934,216 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Pgim Aaa Clo Etf by 38.3% during the third quarter. Jones Financial Companies Lllp now owns 1,968,503 shares of the company’s stock valued at $101,358,000 after acquiring an additional 545,037 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Pgim Aaa Clo Etf by 2.3% during the second quarter. Prudential Financial Inc. now owns 20,667,923 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 472,028 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Pgim Aaa Clo Etf by 105.6% during the third quarter. Envestnet Asset Management Inc. now owns 568,779 shares of the company’s stock worth $29,292,000 after purchasing an additional 292,154 shares during the period.

Pgim Aaa Clo Etf Price Performance

Shares of Pgim Aaa Clo Etf stock opened at $51.31 on Friday. Pgim Aaa Clo Etf has a twelve month low of $50.44 and a twelve month high of $52.06. The company’s fifty day moving average is $51.38 and its 200 day moving average is $51.36.

Pgim Aaa Clo Etf Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1907 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, March 2nd.

Pgim Aaa Clo Etf Company 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.