PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) Trading Down 0.3% – Should You Sell?

Shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF (NASDAQ:PBQQ) dropped 0.3% during trading on Thursday . The stock traded as low as $28.73 and last traded at $28.82. Approximately 7,670 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 18,785 shares. The stock had previously closed at $28.92.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Trading Down 0.3%

The stock has a market cap of $32.85 million, a P/E ratio of 30.37 and a beta of 0.54. The company’s fifty day simple moving average is $28.90 and its 200-day simple moving average is $28.41.

PGIM Laddered Nasdaq-100 Buffer 12 ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 2nd. Investors of record on Tuesday, December 30th were given a $0.0042 dividend. This represents a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On PGIM Laddered Nasdaq-100 Buffer 12 ETF

Institutional investors have recently added to or reduced their stakes in the stock. AssuredPartners Investment Advisors LLC acquired a new position in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF in the 3rd quarter worth approximately $244,000. DHJJ Financial Advisors Ltd. raised its stake in PGIM Laddered Nasdaq-100 Buffer 12 ETF by 98.3% during the third quarter. DHJJ Financial Advisors Ltd. now owns 1,787 shares of the company’s stock worth $50,000 after acquiring an additional 886 shares in the last quarter. Foguth Wealth Management LLC. bought a new position in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF during the fourth quarter valued at $12,360,000. Commonwealth Equity Services LLC boosted its stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF by 10.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,009 shares of the company’s stock valued at $779,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of PGIM Laddered Nasdaq-100 Buffer 12 ETF in the 4th quarter worth about $224,000.

About PGIM Laddered Nasdaq-100 Buffer 12 ETF

The PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of four PGIM Nasdaq-100 Buffer 12 ETFs. PBQQ was launched on Dec 27, 2024 and is issued by PGIM.