PGIM Portfolio Ballast ETF (PBL)

PGIM Portfolio Ballast ETF (PBL) is an exchange-traded fund in the Moderate Allocation category. It has $78.55M in assets, an expense ratio of 0.45% and a 2.07% dividend yield. The fund seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. The fund will generally not invest directly in equity securities. Instead, the fund will seek to gain exposure to the stock market through listed options on the S&P 500® Index (SPX) or SPDR® S&P 500 ETF (SPY), and through S&P 500® Index futures contracts, while simultaneously holding investments in U.S. Treasuries, U.S. Treasury futures contracts, and cash and cash equivalents…