PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) Stock Price Down 1.8% – Here’s What Happened

PGIM Jennison Focused Growth ETF (NYSEARCA:PJFG) dropped 1.8% during mid-day trading on Monday . The stock traded as low as $114.23 and last traded at $114.36. Approximately 1,648 shares changed hands during trading, a decline of 56% from the average session volume of 3,782 shares. The stock had previously closed at $116.44.

PGIM Jennison Focused Growth ETF Stock Down 1.8%

The stock has a market cap of $147.52 million, a PE ratio of 39.69 and a beta of 1.27. The company has a fifty day moving average price of $113.75 and a 200 day moving average price of $108.80.

Institutional Trading of PGIM Jennison Focused Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PJFG. JPMorgan Chase & Co. purchased a new stake in shares of PGIM Jennison Focused Growth ETF during the third quarter valued at approximately $27,000. Kestra Advisory Services LLC purchased a new position in shares of PGIM Jennison Focused Growth ETF in the fourth quarter worth $28,000. Prosperity Bancshares Inc bought a new stake in PGIM Jennison Focused Growth ETF during the 4th quarter valued at $29,000. Motiv8 Investments LLC bought a new stake in PGIM Jennison Focused Growth ETF during the 4th quarter valued at $36,000. Finally, CWM LLC boosted its position in PGIM Jennison Focused Growth ETF by 8.7% during the 4th quarter. CWM LLC now owns 3,643 shares of the company’s stock valued at $405,000 after buying an additional 293 shares during the period.

About PGIM Jennison Focused Growth ETF

The PGIM Jennison Focused Growth ETF (PJFG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of growth stocks from all over the world. PJFG was launched on Dec 12, 2022 and is managed by PGIM.