Independent Financial Group LLC Buys Shares of 956,823 Pgim Aaa Clo Etf $PAAA

Independent Financial Group LLC bought a new stake in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) during the first quarter, HoldingsChannel reports. The fund bought 956,823 shares of the company’s stock, valued at approximately $48,970,000. Pgim Aaa Clo Etf makes up about 1.5% of Independent Financial Group LLC’s holdings, making the stock its 5th largest holding.

Several other hedge funds also recently bought and sold shares of PAAA. Bank of America Corp DE raised its holdings in shares of Pgim Aaa Clo Etf by 8.7% in the third quarter. Bank of America Corp DE now owns 5,674,060 shares of the company’s stock worth $292,214,000 after acquiring an additional 454,661 shares during the last quarter. Morgan Stanley boosted its stake in shares of Pgim Aaa Clo Etf by 16.4% during the fourth quarter. Morgan Stanley now owns 4,360,865 shares of the company’s stock valued at $223,538,000 after acquiring an additional 613,714 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Pgim Aaa Clo Etf by 39.9% during the fourth quarter. LPL Financial LLC now owns 4,035,122 shares of the company’s stock valued at $206,840,000 after acquiring an additional 1,151,352 shares during the last quarter. Wells Fargo & Company MN increased its position in Pgim Aaa Clo Etf by 45.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,320,760 shares of the company’s stock worth $118,962,000 after purchasing an additional 724,783 shares in the last quarter. Finally, UBS Group AG increased its position in Pgim Aaa Clo Etf by 87.5% during the 4th quarter. UBS Group AG now owns 1,337,353 shares of the company’s stock worth $68,553,000 after purchasing an additional 624,288 shares in the last quarter.

Pgim Aaa Clo Etf Price Performance

Shares of PAAA stock opened at $51.38 on Friday. The firm has a 50-day moving average price of $51.39 and a 200 day moving average price of $51.37. Pgim Aaa Clo Etf has a twelve month low of $51.16 and a twelve month 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.