PGIM Total Return Bond ETF (NYSEARCA:PTRB) Reaches New 12-Month Low – Should You Sell?

PGIM Total Return Bond ETF (NYSEARCA:PTRB) shares hit a new 52-week low on Tuesday . The company traded as low as $40.64 and last traded at $40.67, with a volume of 4335 shares. The stock had previously closed at $40.74.

PGIM Total Return Bond ETF Trading Down 0.1%

The stock’s 50-day moving average is $41.14 and its 200 day moving average is $41.54.

Hedge Funds Weigh In On PGIM Total Return Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada acquired a new stake in PGIM Total Return Bond ETF during the first quarter valued at $27,000. Everest Financial Group LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the 1st quarter worth about $226,000. MML Investors Services LLC purchased a new stake in shares of PGIM Total Return Bond ETF during the 4th quarter worth about $233,000. GWN Securities Inc. bought a new stake in shares of PGIM Total Return Bond ETF in the 4th quarter valued at approximately $250,000. Finally, Cora Capital Advisors LLC increased its holdings in PGIM Total Return Bond ETF by 5.5% in the first quarter. Cora Capital Advisors LLC now owns 6,672 shares of the company’s stock worth $277,000 after buying an additional 345 shares during the last quarter.

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.