PGIM Floating Rate Income ETF (PFRL)
PGIM Floating Rate Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Newark, NJ, US. The stock last traded at $49.66, up 0.14% on the session, giving a market capitalisation of $122.9M. Its beta of 0.08 implies it has historically moved less than the broad market.
The PGIM Floating Rate Income ETF (PFRL) is primarily designed to generate a significant stream of current income, with a secondary goal of increasing the initial investment's value over time. It achieves these objectives by predominantly allocating its assets to senior floating rate loans. This fund may be an attractive option for investors aiming to broaden their portfolio's diversification beyond conventional fixed-income securities.
PGIM Floating Rate Income ETF is most often compared with the following Financial Services names: