Basso Capital Management L.P. Increases Position in Pgim Aaa Clo Etf $PAAA

Basso Capital Management L.P. boosted its position in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 22.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,950 shares of the company’s stock after purchasing an additional 19,950 shares during the period. Pgim Aaa Clo Etf makes up about 3.8% of Basso Capital Management L.P.’s portfolio, making the stock its 6th largest holding. Basso Capital Management L.P. owned 0.11% of Pgim Aaa Clo Etf worth $5,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Pgim Aaa Clo Etf by 2.3% during the 2nd quarter. Prudential Financial Inc. now owns 20,667,923 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 472,028 shares during the period. Bank of America Corp DE lifted its holdings in shares of Pgim Aaa Clo Etf by 21.8% in the second quarter. Bank of America Corp DE now owns 5,219,399 shares of the company’s stock valued at $268,538,000 after buying an additional 934,216 shares during the period. Jones Financial Companies Lllp boosted its stake in Pgim Aaa Clo Etf by 38.3% during the third quarter. Jones Financial Companies Lllp now owns 1,968,503 shares of the company’s stock valued at $101,358,000 after buying an additional 545,037 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Pgim Aaa Clo Etf by 32.7% during the third quarter. JPMorgan Chase & Co. now owns 973,087 shares of the company’s stock valued at $50,114,000 after buying an additional 239,829 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Pgim Aaa Clo Etf by 30.9% during the second quarter. Raymond James Financial Inc. now owns 843,900 shares of the company’s stock worth $43,419,000 after acquiring an additional 199,218 shares during the period.

Pgim Aaa Clo Etf Price Performance

NYSEARCA:PAAA opened at $51.24 on Wednesday. The business’s 50-day moving average price is $51.39 and its 200 day moving average price is $51.37. Pgim Aaa Clo Etf has a 52-week low of $50.44 and a 52-week high of $52.06.

Pgim Aaa Clo Etf Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1907 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

Pgim Aaa Clo Etf Profile

The PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.