PGIM Total Return Bond ETF (NYSEARCA:PTRB) Hits New 12-Month Low – Time to Sell?

Shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $40.64 and last traded at $40.67, with a volume of 4335 shares traded. The stock had previously closed at $40.74.

PGIM Total Return Bond ETF Stock Performance

The stock has a 50-day simple moving average of $41.10 and a 200 day simple moving average of $41.52.

Institutional Trading of PGIM Total Return Bond ETF

Several large investors have recently made changes to their positions in PTRB. Royal Bank of Canada acquired a new stake in shares of PGIM Total Return Bond ETF in the first quarter worth $27,000. Everest Financial Group LLC acquired a new position in PGIM Total Return Bond ETF during the first quarter valued at $226,000. MML Investors Services LLC purchased a new position in shares of PGIM Total Return Bond ETF during the 4th quarter valued at about $233,000. GWN Securities Inc. purchased a new position in shares of PGIM Total Return Bond ETF during the 4th quarter valued at about $250,000. Finally, Cora Capital Advisors LLC lifted its holdings in shares of PGIM Total Return Bond ETF by 5.5% in the 1st quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock valued at $277,000 after buying an additional 345 shares during the period.

About PGIM Total Return Bond ETF

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.