PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Volume Increase – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB) saw unusually-high trading volume on Thursday. Approximately 519,969 shares traded hands during mid-day trading, an increase of 218% from the previous session’s volume of 163,733 shares. The stock last traded at $40.1570 and had previously closed at $39.81.

PGIM Total Return Bond ETF Stock Down 0.1%

The firm has a 50 day moving average of $40.21 and a 200-day moving average of $40.99.

Institutional Investors Weigh In On PGIM Total Return Bond ETF

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC increased its position in PGIM Total Return Bond ETF by 69.0% during the 2nd quarter. Citadel Advisors LLC now owns 43,823 shares of the company’s stock valued at $1,817,000 after purchasing an additional 17,895 shares during the period. NewEdge Advisors LLC bought a new stake in shares of PGIM Total Return Bond ETF in the 1st quarter valued at about $2,366,000. Kelman Lazarov Inc. raised its holdings in shares of PGIM Total Return Bond ETF by 20.5% in the 1st quarter. Kelman Lazarov Inc. now owns 78,482 shares of the company’s stock valued at $3,258,000 after purchasing an additional 13,339 shares in the last quarter. RFG Bristol Wealth Advisors LLC lifted its position in shares of PGIM Total Return Bond ETF by 12.2% in the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 268,133 shares of the company’s stock worth $11,130,000 after purchasing an additional 29,180 shares during the period. Finally, Team Financial Group LLC lifted its position in shares of PGIM Total Return Bond ETF by 4.9% in the 1st quarter. Team Financial Group LLC now owns 333,938 shares of the company’s stock worth $13,862,000 after purchasing an additional 15,736 shares during the period.

PGIM Total Return Bond ETF Company Profile

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.