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

PGIM Total Return Bond ETF (NYSEARCA:PTRB – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as $39.26 and last traded at $39.3450, with a volume of 5799 shares traded. The stock had previously closed at $39.47.

PGIM Total Return Bond ETF Stock Performance

The firm has a 50-day moving average price of $40.52 and a 200 day moving average price of $41.15.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

Several hedge funds have recently bought and sold shares of PTRB. Apollon Wealth Management LLC boosted its holdings in PGIM Total Return Bond ETF by 0.9% during the 1st quarter. Apollon Wealth Management LLC now owns 1,728,202 shares of the company’s stock valued at $71,738,000 after acquiring an additional 15,822 shares during the period. Envestnet Asset Management Inc. increased its stake in PGIM Total Return Bond ETF by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,368,039 shares of the company’s stock worth $56,719,000 after purchasing an additional 81,139 shares during the period. FAS Wealth Partners Inc. lifted its position in shares of PGIM Total Return Bond ETF by 25.5% during the first quarter. FAS Wealth Partners Inc. now owns 791,128 shares of the company’s stock worth $32,840,000 after purchasing an additional 160,645 shares in the last quarter. Boyum Wealth Architects LLC lifted its position in shares of PGIM Total Return Bond ETF by 0.3% during the third quarter. Boyum Wealth Architects LLC now owns 680,149 shares of the company’s stock worth $26,808,000 after purchasing an additional 1,980 shares in the last quarter. Finally, Advisory Resource Group boosted its stake in shares of PGIM Total Return Bond ETF by 3.9% in the fourth quarter. Advisory Resource Group now owns 472,860 shares of the company’s stock valued at $19,879,000 after purchasing an additional 17,682 shares during the period.

About PGIM Total Return Bond ETF

(Get Free Report)

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.

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