OneAscent Wealth Management LLC Decreases Stock Holdings in PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

OneAscent Wealth Management LLC lowered its position in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 20.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,708 shares of the company’s stock after selling 2,918 shares during the quarter. OneAscent Wealth Management LLC’s holdings in PGIM Floating Rate Income ETF were worth $589,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PFRL. Moody National Bank Trust Division boosted its stake in PGIM Floating Rate Income ETF by 3.8% in the fourth quarter. Moody National Bank Trust Division now owns 110,371 shares of the company’s stock valued at $5,552,000 after acquiring an additional 4,028 shares in the last quarter. Prudential Financial Inc. increased its position in shares of PGIM Floating Rate Income ETF by 20.7% during the fourth quarter. Prudential Financial Inc. now owns 583,500 shares of the company’s stock worth $29,350,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Tepp RIA LLC purchased a new stake in shares of PGIM Floating Rate Income ETF during the 4th quarter valued at $261,000.

PGIM Floating Rate Income ETF Price Performance

PGIM Floating Rate Income ETF stock opened at $49.96 on Friday. PGIM Floating Rate Income ETF has a 1-year low of $49.75 and a 1-year high of $51.06. The business has a fifty day moving average price of $50.32 and a 200-day moving average price of $50.53.

About PGIM Floating Rate Income ETF

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world. PFRL was launched on May 17, 2022 and is managed by PGIM.