PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Shares Down 0.3%

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB)’s share price dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $40.83 and last traded at $40.83. Approximately 10 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 335 shares. The stock had previously closed at $40.95.

PGIM Active Aggregate Bond ETF Price Performance

The firm’s 50 day moving average price is $41.64 and its 200-day moving average price is $41.29.

PGIM Active Aggregate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.1512 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from PGIM Active Aggregate Bond ETF’s previous dividend of $0.13.

Institutional Investors Weigh In On PGIM Active Aggregate Bond ETF

A number of institutional investors have recently bought and sold shares of PAB. Prudential Financial Inc. boosted its stake in shares of PGIM Active Aggregate Bond ETF by 96.9% in the 1st quarter. Prudential Financial Inc. now owns 965,000 shares of the company’s stock valued at $44,343,000 after purchasing an additional 475,000 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the 1st quarter valued at $90,000. Jane Street Group LLC boosted its stake in shares of PGIM Active Aggregate Bond ETF by 46.2% in the 1st quarter. Jane Street Group LLC now owns 27,980 shares of the company’s stock valued at $1,286,000 after purchasing an additional 8,848 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of PGIM Active Aggregate Bond ETF in the 2nd quarter valued at $560,000.

PGIM Active Aggregate Bond ETF Company Profile

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year.