PGIM Floating Rate Income ETF
PFRL
15 hedge funds and large institutions have $39.2M invested in PGIM Floating Rate Income ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
22.3% more ownership
Funds ownership: 57.28% → 79.58% (+22%)
15% more funds holding
Funds holding: 13 → 15 (+2)
3% less capital invested
Capital invested by funds: $40.4M → $39.2M (-$1.24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.55M |
| 2 |
FFS
Founders Financial Securities
Towson,
Maryland
|
+$1.27M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$293K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$251K |
| 5 |
Jane Street
New York
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$4.56M |
| 2 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$301K |
| 3 |
Morgan Stanley
New York
|
-$107K |
| 4 |
AA
AJ Advisors
Nashville,
Tennessee
|
-$4.56K |
PFRL Hedge Fund Activity: Q4 2023 in Review
15 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PGIM Floating Rate Income ETF (PFRL) for Q4 2023, worth a combined $39.2M — down 3.1% from $40.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PFRL positions and 1 closed out — a net gain of 2 holders — while 7 added to existing stakes and 3 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $1.55M. The largest seller was Goldman Sachs, exiting entirely with an estimated $4.56M sold.
- 15 institutional investors held PGIM Floating Rate Income ETF (PFRL) as of Q4 2023, up from 13 in Q3 2023.
- Funds reported $39.2M of PGIM Floating Rate Income ETF stock for Q4 2023, down 3.1% quarter-over-quarter.
- 3 funds opened new PGIM Floating Rate Income ETF positions in Q4 2023 and 1 closed out, a net change of +2 holders.
- The largest PGIM Floating Rate Income ETF buyer in Q4 2023 was Wealth Enhancement Advisory Services, an estimated $1.55M added.
- The largest PGIM Floating Rate Income ETF seller in Q4 2023 was Goldman Sachs, an estimated $4.56M sold.
Based on aggregated 13F filings for Q4 2023.