Team Financial Group LLC Grows Stock Holdings in PGIM Short Duration Multi-Sector Bond ETF $PSDM

Team Financial Group LLC increased its holdings in PGIM Short Duration Multi-Sector Bond ETF (BATS:PSDM) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,379 shares of the company’s stock after buying an additional 16,459 shares during the period. PGIM Short Duration Multi-Sector Bond ETF accounts for approximately 4.4% of Team Financial Group LLC’s portfolio, making the stock its 7th largest holding. Team Financial Group LLC owned approximately 12.05% of PGIM Short Duration Multi-Sector Bond ETF worth $9,799,000 at the end of the most recent quarter.

Separately, IFP Advisors Inc grew its position in PGIM Short Duration Multi-Sector Bond ETF by 30.8% during the third quarter. IFP Advisors Inc now owns 29,221 shares of the company’s stock worth $1,507,000 after buying an additional 6,879 shares in the last quarter.

PGIM Short Duration Multi-Sector Bond ETF Stock Down 0.2%

BATS:PSDM opened at $50.99 on Friday. The business’s 50-day moving average price is $51.46 and its two-hundred day moving average price is $51.50. PGIM Short Duration Multi-Sector Bond ETF has a twelve month low of $50.47 and a twelve month high of $52.03.

PGIM Short Duration Multi-Sector Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1763 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

PGIM Short Duration Multi-Sector Bond ETF Profile

The PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an exchange-traded fund that mostly invests in broad credit fixed income. PDSM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research. PSDM was launched on Jul 19, 2023 and is issued by PGIM.