Principal Financial Group Inc. Raises Stock Position in Pgim Aaa Clo Etf $PAAA

Principal Financial Group Inc. grew its stake in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 95.8% in the first quarter, Holdings Channel.com reports. The fund owned 114,151 shares of the company’s stock after purchasing an additional 55,850 shares during the period. Principal Financial Group Inc.’s holdings in Pgim Aaa Clo Etf were worth $5,842,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Pgim Aaa Clo Etf by 71.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,224 shares of the company’s stock worth $319,000 after acquiring an additional 2,593 shares during the period. Creative Planning acquired a new position in Pgim Aaa Clo Etf during the second quarter worth $218,000. Baird Financial Group Inc. purchased a new stake in Pgim Aaa Clo Etf during the second quarter worth $967,000. Raymond James Financial Inc. boosted its position in Pgim Aaa Clo Etf by 30.9% during the second quarter. Raymond James Financial Inc. now owns 843,900 shares of the company’s stock worth $43,419,000 after purchasing an additional 199,218 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Pgim Aaa Clo Etf by 21.8% in the second quarter. Bank of America Corp DE now owns 5,219,399 shares of the company’s stock valued at $268,538,000 after purchasing an additional 934,216 shares during the last quarter.

Pgim Aaa Clo Etf Stock Performance

Shares of PAAA stock opened at $51.44 on Tuesday. Pgim Aaa Clo Etf has a fifty-two week low of $51.16 and a fifty-two week high of $51.54. The business has a fifty day simple moving average of $51.39 and a 200-day simple moving average of $51.37.

About Pgim Aaa Clo Etf

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.