KWB Wealth Lowers Holdings in Pgim Aaa Clo Etf $PAAA

KWB Wealth trimmed its holdings in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,269 shares of the company’s stock after selling 20,084 shares during the quarter. KWB Wealth’s holdings in Pgim Aaa Clo Etf were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Allocation Strategies LLC boosted its position in shares of Pgim Aaa Clo Etf by 0.9% during the 2nd quarter. Asset Allocation Strategies LLC now owns 26,897 shares of the company’s stock valued at $1,384,000 after acquiring an additional 234 shares during the last quarter. Cornerstone Advisors Asset Management LLC increased its position in Pgim Aaa Clo Etf by 1.3% in the third quarter. Cornerstone Advisors Asset Management LLC now owns 19,157 shares of the company’s stock worth $987,000 after purchasing an additional 251 shares during the last quarter. Secure Asset Management LLC raised its stake in Pgim Aaa Clo Etf by 5.2% during the third quarter. Secure Asset Management LLC now owns 5,676 shares of the company’s stock valued at $291,000 after purchasing an additional 283 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Pgim Aaa Clo Etf by 1.6% during the third quarter. Orion Porfolio Solutions LLC now owns 27,228 shares of the company’s stock valued at $1,402,000 after purchasing an additional 424 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of Pgim Aaa Clo Etf in the 3rd quarter worth $26,000.

Pgim Aaa Clo Etf Stock Performance

Shares of NYSEARCA PAAA opened at $51.34 on Tuesday. The firm’s 50-day moving average price is $51.38 and its 200-day moving average price is $51.36. Pgim Aaa Clo Etf has a 12-month low of $50.44 and a 12-month high of $52.06.

Pgim Aaa Clo Etf Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1907 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Pgim Aaa Clo Etf Company Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.