Goldman Sachs Group Inc. Buys Shares of 19,086 PGIM Floating Rate Income ETF $PFRL

Goldman Sachs Group Inc. bought a new stake in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,086 shares of the company’s stock, valued at approximately $953,000. Goldman Sachs Group Inc. owned about 1.17% of PGIM Floating Rate Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PFRL. Inspire Advisors LLC bought a new stake in PGIM Floating Rate Income ETF in the first quarter valued at $417,000. Secure Asset Management LLC lifted its stake in PGIM Floating Rate Income ETF by 10.7% in the first quarter. Secure Asset Management LLC now owns 9,317 shares of the company’s stock valued at $465,000 after buying an additional 900 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in shares of PGIM Floating Rate Income ETF during the first quarter valued at about $958,000. Jane Street Group LLC raised its stake in shares of PGIM Floating Rate Income ETF by 1,144.6% during the first quarter. Jane Street Group LLC now owns 50,381 shares of the company’s stock valued at $2,515,000 after purchasing an additional 46,333 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of PGIM Floating Rate Income ETF during the first quarter valued at about $3,124,000.

PGIM Floating Rate Income ETF Stock Performance

Shares of NYSEARCA PFRL opened at $50.15 on Tuesday. PGIM Floating Rate Income ETF has a fifty-two week low of $45.19 and a fifty-two week high of $51.06. The firm’s 50-day simple moving average is $50.21 and its 200 day simple moving average is $49.73.

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.