Prime Capital Investment Advisors LLC Buys 14,200 Shares of PGIM Total Return Bond ETF $PTRB

Prime Capital Investment Advisors LLC grew its stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,600 shares of the company’s stock after purchasing an additional 14,200 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in PGIM Total Return Bond ETF were worth $4,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC grew its stake in PGIM Total Return Bond ETF by 20.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,674,521 shares of the company’s stock valued at $70,045,000 after buying an additional 283,129 shares during the last quarter. Advisory Resource Group lifted its position in PGIM Total Return Bond ETF by 116.7% during the third quarter. Advisory Resource Group now owns 455,178 shares of the company’s stock worth $19,209,000 after acquiring an additional 245,134 shares during the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in shares of PGIM Total Return Bond ETF during the third quarter worth approximately $9,675,000. Raymond James Financial Inc. grew its position in shares of PGIM Total Return Bond ETF by 136.5% in the second quarter. Raymond James Financial Inc. now owns 351,079 shares of the company’s stock valued at $14,686,000 after purchasing an additional 202,611 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of PGIM Total Return Bond ETF by 19.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,002,102 shares of the company’s stock worth $41,918,000 after purchasing an additional 165,804 shares during the period.

PGIM Total Return Bond ETF Price Performance

NYSEARCA:PTRB opened at $42.14 on Friday. The stock has a 50 day simple moving average of $42.12 and a 200 day simple moving average of $42.12. PGIM Total Return Bond ETF has a 1-year low of $40.21 and a 1-year high of $42.70.

PGIM Total Return Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1475 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.