PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Shares Up 1.7% – Here’s Why

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) shot up 1.7% on Thursday . The company traded as high as $118.57 and last traded at $118.57. 1,857 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 3,774 shares. The stock had previously closed at $116.64.

PGIM Jennison Focused Growth ETF Trading Up 1.7%

The stock has a market cap of $141.10 million, a P/E ratio of 39.69 and a beta of 1.29. The business has a 50-day simple moving average of $116.01 and a 200 day simple moving average of $110.77.

Institutional Trading of PGIM Jennison Focused Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of PGIM Jennison Focused Growth ETF by 2.5% in the 4th quarter. HighTower Advisors LLC now owns 4,495 shares of the company’s stock valued at $500,000 after purchasing an additional 110 shares during the period. JPMorgan Chase & Co. acquired a new stake in PGIM Jennison Focused Growth ETF during the third quarter worth approximately $27,000. Kestra Advisory Services LLC bought a new stake in PGIM Jennison Focused Growth ETF in the fourth quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new stake in PGIM Jennison Focused Growth ETF in the fourth quarter worth approximately $29,000. Finally, CWM LLC increased its holdings in PGIM Jennison Focused Growth ETF by 8.7% in the fourth quarter. CWM LLC now owns 3,643 shares of the company’s stock worth $405,000 after purchasing an additional 293 shares in 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.