Foster & Motley Inc. Acquires 19,725 Shares of Pgim Aaa Clo Etf $PAAA

Foster & Motley Inc. lifted its stake in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 98.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,840 shares of the company’s stock after purchasing an additional 19,725 shares during the quarter. Foster & Motley Inc.’s holdings in Pgim Aaa Clo Etf were worth $2,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAAA. Ameriprise Financial Inc. purchased a new position in Pgim Aaa Clo Etf during the third quarter valued at $56,978,000. Bank of America Corp DE grew its stake in shares of 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 worth $268,538,000 after acquiring an additional 934,216 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Pgim Aaa Clo Etf by 38.3% during the third quarter. Jones Financial Companies Lllp now owns 1,968,503 shares of the company’s stock valued at $101,358,000 after acquiring an additional 545,037 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Pgim Aaa Clo Etf by 105.6% during the third quarter. Envestnet Asset Management Inc. now owns 568,779 shares of the company’s stock valued at $29,292,000 after acquiring an additional 292,154 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Pgim Aaa Clo Etf by 32.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 973,087 shares of the company’s stock worth $50,114,000 after purchasing an additional 239,829 shares during the last quarter.

Pgim Aaa Clo Etf Trading Down 0.4%

Shares of Pgim Aaa Clo Etf stock opened at $51.18 on Wednesday. The firm’s 50-day moving average is $51.37 and its 200 day moving average is $51.36. Pgim Aaa Clo Etf has a 1 year low of $50.44 and a 1 year high of $51.69.

Pgim Aaa Clo Etf Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1907 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.5%.

Pgim Aaa Clo Etf Profile

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.