Prudential Financial Inc. Purchases 100,000 Shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

Prudential Financial Inc. boosted its position in shares of PGIM Floating Rate Income ETF (NYSEARCA:PFRL) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 583,500 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Prudential Financial Inc. owned about 45.59% of PGIM Floating Rate Income ETF worth $29,350,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Moody National Bank Trust Division lifted its position in shares of PGIM Floating Rate Income ETF by 3.8% in the 4th quarter. Moody National Bank Trust Division now owns 110,371 shares of the company’s stock worth $5,552,000 after purchasing an additional 4,028 shares during the period.

PGIM Floating Rate Income ETF Trading Up 0.1 %

NYSEARCA PFRL opened at $49.99 on Wednesday. The firm’s 50 day moving average price is $50.36 and its 200-day moving average price is $50.54. PGIM Floating Rate Income ETF has a 52-week low of $49.75 and a 52-week 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.