Modern Wealth Management LLC Has $1.70 Million Stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB)

Modern Wealth Management LLC grew its stake in shares of PGIM Total Return Bond ETF (NYSEARCA:PTRB) by 130.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,337 shares of the company’s stock after buying an additional 23,382 shares during the period. Modern Wealth Management LLC owned approximately 0.73% of PGIM Total Return Bond ETF worth $1,704,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Genesis Private Wealth LLC bought a new position in PGIM Total Return Bond ETF during the fourth quarter valued at about $7,779,000. Silver Oak Securities Incorporated bought a new stake in shares of PGIM Total Return Bond ETF during the fourth quarter valued at approximately $4,278,000. Raymond James Financial Inc. bought a new stake in shares of PGIM Total Return Bond ETF during the fourth quarter valued at approximately $3,749,000. Bank of New York Mellon Corp raised its stake in shares of PGIM Total Return Bond ETF by 168.8% in the fourth quarter. Bank of New York Mellon Corp now owns 140,309 shares of the company’s stock valued at $5,747,000 after purchasing an additional 88,109 shares in the last quarter. Finally, Howard Financial Services LTD. lifted its position in PGIM Total Return Bond ETF by 13.0% in the fourth quarter. Howard Financial Services LTD. now owns 711,401 shares of the company’s stock worth $29,139,000 after purchasing an additional 82,046 shares during the period.

PGIM Total Return Bond ETF Price Performance

Shares of PGIM Total Return Bond ETF stock opened at $41.55 on Wednesday. PGIM Total Return Bond ETF has a 52-week low of $40.27 and a 52-week high of $43.15. The company’s fifty day moving average price is $41.41 and its two-hundred day moving average price is $41.67.

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.