Several Major Investors Increase Holdings in PGIM Floating Rate Income ETF (PFRL)
Founders Financial Securities LLC increased its position in PGIM Floating Rate Income ETF (NYSEARCA:PFRL – Free Report) by 26.9% in the first quarter, as reported in its recent disclosure with the Securities and Exchange Commission. The firm now holds 67,024 shares of the company's stock, after acquiring an additional 14,215 shares during the quarter. At the end of the reporting period, Founders Financial Securities LLC owned about 5.59% of PGIM Floating Rate Income ETF, with a value of $3,419,000.
Other Major Investors' Holdings
- Wright Fund Management LLC: Acquired a new stake in PGIM Floating Rate Income ETF in the fourth quarter, valued at approximately $294,000.
- Envestnet Portfolio Solutions Inc.: Increased its holdings in the company's stock by 26.1% in the fourth quarter, now owning 10,478 shares valued at $527,000.
- Atria Wealth Solutions Inc.: Raised its stake in PGIM Floating Rate Income ETF by 26.1% in the fourth quarter, now owning 10,478 shares worth $533,000.
Price Performance
Shares of PGIM Floating Rate Income ETF traded down $0.03 on Friday, reaching $50.55. With 6,341 shares exchanged, compared to the average volume of 9,012 shares, the stock has a 1 year low of $49.39 and a high of $51.51. The 50-day moving average is $50.60, while the 200-day moving average stands at $50.61.
Company Profile
The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that focuses on broad credit fixed income. It is an actively managed fund that seeks current income by investing primarily in senior floating rate loans globally. Launched on May 17, 2022, PFRL is managed by PGIM.
Further Reading
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