PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Stock Price Up 0.3% – Should You Buy?

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB)’s stock price rose 0.3% during mid-day trading on Tuesday . The company traded as high as $41.97 and last traded at $41.97. Approximately 8,895 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 6,768 shares. The stock had previously closed at $41.85.

PGIM Active Aggregate Bond ETF Price Performance

The stock has a 50 day moving average price of $41.81 and a 200-day moving average price of $41.87.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the fourth quarter valued at approximately $433,000. Jane Street Group LLC increased its holdings in shares of PGIM Active Aggregate Bond ETF by 55.5% in the fourth quarter. Jane Street Group LLC now owns 15,019 shares of the company’s stock valued at $623,000 after purchasing an additional 5,358 shares during the last quarter. Larson Financial Group LLC purchased a new position in PGIM Active Aggregate Bond ETF in the first quarter worth approximately $1,532,000. Finally, Strategic Financial Partners Ltd. purchased a new position in PGIM Active Aggregate Bond ETF in the first quarter worth approximately $1,607,000.

About PGIM Active Aggregate Bond ETF

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.