PGIM AAA CLO ETF
PAAA
Market cap $570M

51.44 USD

-0.01

0.02%

Updated Jan 27, 2:51 PM EST

1 day

-0.02%

5 days

0.04%

1 month

0.53%

3 months

0.41%

6 months

0.63%

Year to date

0.45%

1 year

1.10%

5 years

2.80%

10 years

2.80%

Funds holding %

of 6,831 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

533% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 3

380% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 5

200% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]

91% more capital invested

Capital invested by funds: $182M [Q2] → $346M (+$165M) [Q3]

47% more funds holding

Funds holding: 34 [Q2] → 50 (+16) [Q3]

1.71% less ownership

Funds ownership: 78.09% [Q2] → 76.39% (-1.71%) [Q3]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for PAAA.

See Analyst Rankings

Financial journalist opinion

Positive

Seeking Alpha

1 week ago

PAAA: Newer AAA CLO ETF, Competitive Yield, Stable Share Price

PAAA is a newer ETF investing in AAA-rated CLOs. Default rates for these securities are zero. Dividends are good, with a 5.9% yield. Despite potential Fed cuts, PAAA's yield should remain competitive, trading at a 1.0% - 1.5% spread to t-bill rates.

Neutral

ETF Trends

2 months ago

More Money Market Substitutes Taking Shape

Investors have been married to their money market funds for the better part of the last two years. But a recent poll from VettaFi's Q4 Fixed Income Symposium in October showed more market participants may finally be willing to break out of their comfort zones and redeploy those funds into riskier assets.