PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Stock Price Down 0.3%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB)’s share price dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $40.83 and last traded at $40.83. Approximately 10 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 335 shares. The stock had previously closed at $40.95.

PGIM Active Aggregate Bond ETF Stock Up 0.1 %

The firm’s fifty day moving average price is $41.62 and its 200-day moving average price is $41.30.

PGIM Active Aggregate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1512 dividend. This is a positive change from PGIM Active Aggregate Bond ETF’s previous dividend of $0.13. The ex-dividend date was Monday, April 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PAB. Geneos Wealth Management Inc. acquired a new position in PGIM Active Aggregate Bond ETF in the first quarter worth approximately $90,000. Citadel Advisors LLC purchased a new position in PGIM Active Aggregate Bond ETF during the 4th quarter worth approximately $555,000. Jane Street Group LLC purchased a new position in PGIM Active Aggregate Bond ETF during the 1st quarter worth approximately $905,000. Finally, Prudential Financial Inc. grew its position in PGIM Active Aggregate Bond ETF by 96.9% during the 1st quarter. Prudential Financial Inc. now owns 965,000 shares of the company’s stock worth $44,343,000 after purchasing an additional 475,000 shares in the last quarter.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year.