Cary Street Partners Financial LLC Increases Stock Position in PGIM Portfolio Ballast ETF $PBL

Cary Street Partners Financial LLC lifted its position in shares of PGIM Portfolio Ballast ETF (BATS:PBL) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,178,345 shares of the company’s stock after buying an additional 140,997 shares during the period. PGIM Portfolio Ballast ETF makes up about 0.9% of Cary Street Partners Financial LLC’s holdings, making the stock its 16th biggest holding. Cary Street Partners Financial LLC owned 55.06% of PGIM Portfolio Ballast ETF worth $36,540,000 at the end of the most recent reporting period.

Separately, Jane Street Group LLC purchased a new stake in PGIM Portfolio Ballast ETF during the second quarter valued at about $530,000.

PGIM Portfolio Ballast ETF Stock Performance

PGIM Portfolio Ballast ETF stock opened at $31.08 on Wednesday. PGIM Portfolio Ballast ETF has a 12 month low of $21.18 and a 12 month high of $31.90. The stock’s 50-day moving average is $31.20 and its 200-day moving average is $31.03.

PGIM Portfolio Ballast ETF Profile

The PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio of derivatives, toggling exposure between US large-cap equities and US Treasuries. The fund aims to provide long-term capital growth while limiting downside losses PBL was launched on Dec 12, 2022 and is managed by PGIM.