Apollon Wealth Management LLC Raises Stake in PGIM Total Return Bond ETF (NYSEARCA:PTRB)

Apollon Wealth Management LLC lifted its position in PGIM Total Return Bond ETF (NYSEARCA:PTRB) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 984,434 shares of the company’s stock after purchasing an additional 59,280 shares during the period. PGIM Total Return Bond ETF comprises 0.9% of Apollon Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Apollon Wealth Management LLC owned approximately 0.17% of PGIM Total Return Bond ETF worth $40,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PTRB. Howard Financial Services LTD. boosted its stake in PGIM Total Return Bond ETF by 13.0% in the 4th quarter. Howard Financial Services LTD. now owns 711,401 shares of the company’s stock worth $29,139,000 after purchasing an additional 82,046 shares during the period. Team Financial Group LLC increased its holdings in PGIM Total Return Bond ETF by 7.9% in the 4th quarter. Team Financial Group LLC now owns 261,880 shares of the company’s stock valued at $10,727,000 after acquiring an additional 19,166 shares during the last quarter. Genesis Private Wealth LLC purchased a new stake in PGIM Total Return Bond ETF in the 4th quarter worth $7,779,000. Armor Investment Advisors LLC boosted its holdings in shares of PGIM Total Return Bond ETF by 9.9% during the 3rd quarter. Armor Investment Advisors LLC now owns 160,445 shares of the company’s stock valued at $6,877,000 after purchasing an additional 14,484 shares during the last quarter. Finally, Integrity Wealth Solutions LLC increased its holdings in shares of PGIM Total Return Bond ETF by 14.3% in the fourth quarter. Integrity Wealth Solutions LLC now owns 144,094 shares of the company’s stock worth $5,931,000 after purchasing an additional 17,990 shares during the last quarter.

PGIM Total Return Bond ETF Price Performance

PTRB stock opened at $41.27 on Friday. The firm has a fifty day moving average price of $41.21 and a 200 day moving average price of $41.83. PGIM Total Return Bond ETF has a fifty-two week low of $40.27 and a fifty-two week high of $43.15.

PGIM Total Return Bond ETF Profile

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.