Envestnet Asset Management Inc. Buys 78,048 Shares of PGIM Total Return Bond ETF $PTRB

Envestnet Asset Management Inc. increased its position in PGIM Total Return Bond ETF (NYSEARCA:PTRB) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080,150 shares of the company’s stock after purchasing an additional 78,048 shares during the period. Envestnet Asset Management Inc. owned approximately 7.25% of PGIM Total Return Bond ETF worth $45,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Resource Group raised its holdings in PGIM Total Return Bond ETF by 116.7% in the third quarter. Advisory Resource Group now owns 455,178 shares of the company’s stock worth $19,209,000 after buying an additional 245,134 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in PGIM Total Return Bond ETF in the 3rd quarter worth approximately $9,675,000. Raymond James Financial Inc. lifted its position 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 acquiring an additional 202,611 shares in the last quarter. Boyum Wealth Architects LLC lifted its position in PGIM Total Return Bond ETF by 18.8% in the 3rd quarter. Boyum Wealth Architects LLC now owns 428,931 shares of the company’s stock valued at $18,101,000 after acquiring an additional 67,906 shares in the last quarter. Finally, Apollon Financial LLC increased its holdings in shares of PGIM Total Return Bond ETF by 175.0% in the 3rd quarter. Apollon Financial LLC now owns 100,221 shares of the company’s stock worth $4,229,000 after purchasing an additional 63,782 shares in the last quarter.

PGIM Total Return Bond ETF Stock Performance

PTRB stock opened at $42.28 on Wednesday. PGIM Total Return Bond ETF has a 1-year low of $40.21 and a 1-year high of $42.70. The business has a fifty day moving average price of $42.12 and a 200-day moving average price of $42.14.

PGIM Total Return Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1475 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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.