Foster & Motley Inc. Increases Stake in Pgim Aaa Clo Etf $PAAA

Foster & Motley Inc. increased its stake in Pgim Aaa Clo Etf (NYSEARCA:PAAA) by 98.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,840 shares of the company’s stock after buying an additional 19,725 shares during the period. Foster & Motley Inc.’s holdings in Pgim Aaa Clo Etf were worth $2,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of Pgim Aaa Clo Etf by 71.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,224 shares of the company’s stock worth $319,000 after acquiring an additional 2,593 shares during the period. Creative Planning bought a new position in shares of Pgim Aaa Clo Etf in the 2nd quarter worth approximately $218,000. Virtus Fixed Income Advisers LLC purchased a new position in shares of Pgim Aaa Clo Etf in the 2nd quarter valued at approximately $1,140,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pgim Aaa Clo Etf by 19.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 294,821 shares of the company’s stock valued at $15,169,000 after purchasing an additional 48,929 shares during the period. Finally, Raab & Moskowitz Asset Management LLC boosted its position in shares of Pgim Aaa Clo Etf by 21.9% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 20,131 shares of the company’s stock valued at $1,036,000 after purchasing an additional 3,612 shares in the last quarter.

Pgim Aaa Clo Etf Stock Down 0.4%

Shares of PAAA stock opened at $51.18 on Wednesday. The business’s fifty day moving average is $51.37 and its 200 day moving average is $51.36. Pgim Aaa Clo Etf has a twelve month low of $50.44 and a twelve month high of $51.69.

Pgim Aaa Clo Etf Cuts Dividend

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

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.