PGIM Total Return Bond ETF (NYSEARCA:PTRB) Sees Large Volume Increase – Here’s What Happened

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares saw unusually-strong trading volume on Monday . 468,532 shares changed hands during mid-day trading, an increase of 227% from the previous session’s volume of 143,481 shares.The stock last traded at $41.18 and had previously closed at $41.28.

PGIM Total Return Bond ETF Stock Performance

The stock has a 50-day moving average of $41.41 and a 200 day moving average of $41.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PTRB. Jane Street Group LLC grew its holdings in shares of PGIM Total Return Bond ETF by 45.5% in the first quarter. Jane Street Group LLC now owns 39,390 shares of the company’s stock valued at $1,644,000 after purchasing an additional 12,316 shares during the period. Raymond James Financial Inc. boosted its holdings in PGIM Total Return Bond ETF by 136.5% in the 2nd 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. First Heartland Consultants Inc. grew its stake in shares of PGIM Total Return Bond ETF by 12.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 202,954 shares of the company’s stock valued at $8,490,000 after buying an additional 22,448 shares during the period. Mariner LLC purchased a new stake in shares of PGIM Total Return Bond ETF in the 3rd quarter valued at approximately $2,494,000. Finally, Prosperity Financial Group Inc. increased its holdings in shares of PGIM Total Return Bond ETF by 21.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 87,046 shares of the company’s stock worth $3,673,000 after buying an additional 15,465 shares during the last quarter.

About PGIM Total Return Bond ETF

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.