Prudential Financial Inc. Raises Stock Position in PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

Prudential Financial Inc. boosted its holdings in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 20.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 583,500 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Prudential Financial Inc. owned approximately 0.46% of PGIM Floating Rate Income ETF worth $29,350,000 as of its most recent SEC filing.

Separately, Moody National Bank Trust Division grew its holdings in shares of PGIM Floating Rate Income ETF by 3.8% during the fourth quarter. Moody National Bank Trust Division now owns 110,371 shares of the company’s stock valued at $5,552,000 after buying an additional 4,028 shares during the last quarter.

PGIM Floating Rate Income ETF Price Performance

NYSEARCA PFRL opened at $49.99 on Wednesday. The stock’s fifty day moving average price is $50.36 and its 200 day moving average price is $50.54. PGIM Floating Rate Income ETF has a 1 year low of $49.75 and a 1 year high of $51.06.

PGIM Floating Rate Income ETF Company 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.