Wealthcare Advisory Partners LLC Acquires Shares of 26,201 PGIM Floating Rate Income ETF $PFRL

Wealthcare Advisory Partners LLC bought a new stake in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,201 shares of the company’s stock, valued at approximately $1,302,000. Wealthcare Advisory Partners LLC owned approximately 1.25% of PGIM Floating Rate Income ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Moody National Bank Trust Division boosted its holdings in PGIM Floating Rate Income ETF by 2.8% in the fourth quarter. Moody National Bank Trust Division now owns 129,955 shares of the company’s stock valued at $6,456,000 after purchasing an additional 3,593 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in PGIM Floating Rate Income ETF during the 3rd quarter worth approximately $3,581,000. Mariner LLC increased its holdings in PGIM Floating Rate Income ETF by 21.9% during the 3rd quarter. Mariner LLC now owns 16,858 shares of the company’s stock worth $845,000 after purchasing an additional 3,028 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of PGIM Floating Rate Income ETF in the 3rd quarter valued at approximately $228,000. Finally, Inspire Advisors LLC raised its position in shares of PGIM Floating Rate Income ETF by 2.9% in the 3rd quarter. Inspire Advisors LLC now owns 7,250 shares of the company’s stock valued at $363,000 after purchasing an additional 205 shares in the last quarter.

PGIM Floating Rate Income ETF Trading Up 0.2%

PGIM Floating Rate Income ETF stock opened at $48.90 on Tuesday. PGIM Floating Rate Income ETF has a 52 week low of $45.19 and a 52 week high of $50.48. The stock has a 50 day moving average of $49.23 and a 200-day moving average of $49.61.

PGIM Floating Rate Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2255 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, March 2nd.

PGIM Floating Rate Income ETF Profile

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.