PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Shares Down 0.2% – Should You Sell?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $41.64 and last traded at $41.70. Approximately 10,253 shares changed hands during trading, an increase of 64% from the average daily volume of 6,260 shares. The stock had previously closed at $41.77.

PGIM Active Aggregate Bond ETF Trading Down 0.2%

The business’s fifty day moving average price is $41.97 and its 200-day moving average price is $41.91.

Institutional Trading of PGIM Active Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in PAB. Cora Capital Advisors LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the fourth quarter valued at about $508,000. LPL Financial LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the fourth quarter valued at about $433,000. Jane Street Group LLC raised its stake in shares of PGIM Active Aggregate Bond ETF by 55.5% during the fourth quarter. Jane Street Group LLC now owns 15,019 shares of the company’s stock valued at $623,000 after acquiring an additional 5,358 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of PGIM Active Aggregate Bond ETF during the first quarter valued at about $1,532,000. Finally, Strategic Financial Partners Ltd. bought a new position in shares of PGIM Active Aggregate Bond ETF during the first quarter valued at about $1,607,000.

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.