Independent Advisor Alliance Invests $985,000 in Pgim Aaa Clo Etf (NYSEARCA:PAAA)

Independent Advisor Alliance bought a new position in shares of Pgim Aaa Clo Etf (NYSEARCA:PAAA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,231 shares of the company’s stock, valued at approximately $985,000. Independent Advisor Alliance owned 0.63% of Pgim Aaa Clo Etf at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atlas Wealth LLC purchased a new stake in shares of Pgim Aaa Clo Etf during the third quarter worth about $217,000. TrueWealth Advisors LLC bought a new position in Pgim Aaa Clo Etf in the fourth quarter worth about $270,000. Private Trust Co. NA raised its stake in Pgim Aaa Clo Etf by 9.7% in the fourth quarter. Private Trust Co. NA now owns 5,483 shares of the company’s stock worth $281,000 after buying an additional 483 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Pgim Aaa Clo Etf in the fourth quarter worth about $291,000. Finally, Fiduciary Trust Co bought a new position in Pgim Aaa Clo Etf in the third quarter worth about $307,000.

Pgim Aaa Clo Etf Price Performance

PAAA stock opened at $51.25 on Friday. Pgim Aaa Clo Etf has a 1 year low of $50.69 and a 1 year high of $51.52. The firm has a 50-day moving average of $51.36 and a 200 day moving average of $51.25.

About Pgim Aaa Clo Etf

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.