PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Stock Price Down 0.2% – Time to Sell?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) traded down 0.2% during trading on Monday . The stock traded as low as $42.08 and last traded at $42.09. Approximately 6,613 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 22,728 shares. The stock had previously closed at $42.19.

PGIM Active Aggregate Bond ETF Stock Performance

The firm’s 50-day moving average is $42.24 and its 200-day moving average is $42.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in PGIM Active Aggregate Bond ETF by 15.8% in the first quarter. Cetera Investment Advisers now owns 40,942 shares of the company’s stock worth $1,733,000 after purchasing an additional 5,589 shares during the period. Intrua Financial LLC boosted its holdings in shares of PGIM Active Aggregate Bond ETF by 13.6% during the 1st quarter. Intrua Financial LLC now owns 172,282 shares of the company’s stock valued at $7,293,000 after buying an additional 20,642 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of PGIM Active Aggregate Bond ETF by 280.9% in the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock worth $388,000 after buying an additional 6,691 shares during the period. LPL Financial LLC increased its stake in shares of PGIM Active Aggregate Bond ETF by 107.0% in the 4th quarter. LPL Financial LLC now owns 47,362 shares of the company’s stock worth $2,025,000 after acquiring an additional 24,477 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of PGIM Active Aggregate Bond ETF in the 4th quarter worth about $25,000.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year. PAB was launched on Apr 15, 2021 and is managed by PGIM.