Tepp RIA LLC Makes New $261,000 Investment in PGIM Floating Rate Income ETF (NYSEARCA:PFRL)

Tepp RIA LLC purchased a new stake in PGIM Floating Rate Income ETF (NYSEARCA:PFRL) during the 4th quarter, Holdings Channel reports. The firm purchased 5,184 shares of the company’s stock, valued at approximately $261,000. PGIM Floating Rate Income ETF accounts for about 0.4% of Tepp RIA LLC’s holdings, making the stock its 24th largest position.

Separately, Prudential Financial Inc. lifted its stake in PGIM Floating Rate Income ETF by 20.7% in the 4th quarter. Prudential Financial Inc. now owns 583,500 shares of the company’s stock valued at $29,350,000 after buying an additional 100,000 shares in the last quarter.

PGIM Floating Rate Income ETF Price Performance

PGIM Floating Rate Income ETF stock opened at $49.98 on Friday. PGIM Floating Rate Income ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.06. The stock has a fifty day moving average of $50.34 and a two-hundred day moving average of $50.53.

About PGIM Floating Rate Income ETF

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.