Moody National Bank Trust Division Buys 4,028 Shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

Moody National Bank Trust Division boosted its position in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,371 shares of the company’s stock after purchasing an additional 4,028 shares during the quarter. PGIM Floating Rate Income ETF comprises 0.6% of Moody National Bank Trust Division’s holdings, making the stock its 28th biggest position. Moody National Bank Trust Division owned 8.62% of PGIM Floating Rate Income ETF worth $5,552,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. OneAscent Wealth Management LLC lifted its stake in PGIM Floating Rate Income ETF by 264.6% in the third quarter. OneAscent Wealth Management LLC now owns 14,626 shares of the company’s stock valued at $741,000 after acquiring an additional 10,615 shares during the last quarter. Bank of Montreal Can bought a new position in shares of PGIM Floating Rate Income ETF in the second quarter valued at approximately $1,493,000. Finally, AE Wealth Management LLC raised its position in shares of PGIM Floating Rate Income ETF by 118.1% in the second quarter. AE Wealth Management LLC now owns 41,234 shares of the company’s stock valued at $2,084,000 after purchasing an additional 22,325 shares during the period.

PGIM Floating Rate Income ETF Stock Performance

Shares of PFRL traded down $0.03 during mid-day trading on Monday, reaching $50.45. The company had a trading volume of 8,748 shares, compared to its average volume of 17,014. PGIM Floating Rate Income ETF has a 52 week low of $49.75 and a 52 week high of $51.51. The firm has a 50-day moving average price of $50.71 and a 200 day moving average price of $50.56.

PGIM Floating Rate Income ETF Profile

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.