PGIM Floating Rate Income ETF
PFRL
13 hedge funds and large institutions have $40.4M invested in PGIM Floating Rate Income ETF in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
86% more funds holding
Funds holding: 7 → 13 (+6)
37% more capital invested
Capital invested by funds: $29.6M → $40.4M (+$10.9M)
8.18% more ownership
Funds ownership: 49.09% → 57.28% (+8.2%)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$5.48M |
| 2 |
Goldman Sachs
New York
|
+$4.56M |
| 3 |
FFS
Founders Financial Securities
Towson,
Maryland
|
+$800K |
| 4 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
+$724K |
| 5 |
AWS
Atria Wealth Solutions
New York
|
+$419K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.2M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$625K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$301K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Prudential Financial
Newark,
New Jersey
| $24.4M | – | – | – |
|
|
2
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
| $5.49M | +$5.48M | +108,725 | New |
|
|
3
Goldman Sachs
New York
| $4.56M | +$4.56M | +90,451 | New |
|
|
4
Jane Street
New York
| $1.88M | -$1.2M | -23,871 | -39% |
|
|
FFS
5
Founders Financial Securities
Towson,
Maryland
| $1.38M | +$800K | +15,855 | +137% |
|
|
AAS
6
Ameritas Advisory Services
Lincoln,
Nebraska
| $718K | +$724K | +14,359 | New |
|
|
AWS
7
Atria Wealth Solutions
New York
| $419K | +$419K | +8,310 | New |
|
8
Envestnet Portfolio Solutions
Chicago,
Illinois
| $419K | +$419K | +8,310 | New |
|
|
WS
9
Wedbush Securities
Los Angeles,
California
| $416K | -$625K | -12,382 | -60% |
|
10
Morgan Stanley
New York
| $385K | +$385K | +7,637 | New |
|
|
AA
11
AJ Advisors
Nashville,
Tennessee
| $308K | +$2.42K | +48 | +0.8% |
|
|
IA
12
IFP Advisors
Tampa,
Florida
| $66.4K | +$66.4K | +1,317 | New |
|
|
CTA
13
Colonial Trust Advisors
Spartanburg,
South Carolina
| $16.9K | – | – | – |
|
|
14
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$301K | -5,988 | Closed |
|
PFRL Hedge Fund Activity: Q3 2023 in Review
13 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PGIM Floating Rate Income ETF (PFRL) for Q3 2023, worth a combined $40.4M — up 37% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFRL positions and 1 closed out — a net gain of 6 holders — while 2 added to existing stakes and 2 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $5.48M. The largest seller was Jane Street, cutting an estimated $1.2M.
- 13 institutional investors held PGIM Floating Rate Income ETF (PFRL) as of Q3 2023, up from 7 in Q2 2023.
- Funds reported $40.4M of PGIM Floating Rate Income ETF stock for Q3 2023, up 37% quarter-over-quarter.
- 7 funds opened new PGIM Floating Rate Income ETF positions in Q3 2023 and 1 closed out, a net change of +6 holders.
- The largest PGIM Floating Rate Income ETF buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $5.48M added.
- The largest PGIM Floating Rate Income ETF seller in Q3 2023 was Jane Street, an estimated $1.2M sold.
Based on aggregated 13F filings for Q3 2023.