D.A. Davidson & CO. Lowers Stock Holdings in PGIM Ultra Short Bond ETF $PULS

D.A. Davidson & CO. cut its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 82.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,280 shares of the company’s stock after selling 148,528 shares during the quarter. D.A. Davidson & CO.’s holdings in PGIM Ultra Short Bond ETF were worth $1,556,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PULS. Golden State Wealth Management LLC grew its stake in PGIM Ultra Short Bond ETF by 437.7% in the first quarter. Golden State Wealth Management LLC now owns 7,679 shares of the company’s stock worth $382,000 after purchasing an additional 6,251 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 29.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 745,222 shares of the company’s stock worth $37,060,000 after buying an additional 169,348 shares during the period. KWB Wealth grew its position in shares of PGIM Ultra Short Bond ETF by 40.9% during the 2nd quarter. KWB Wealth now owns 7,348 shares of the company’s stock worth $365,000 after buying an additional 2,134 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of PGIM Ultra Short Bond ETF by 15.8% during the first quarter. JPMorgan Chase & Co. now owns 32,816,956 shares of the company’s stock valued at $1,631,987,000 after buying an additional 4,479,846 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of PGIM Ultra Short Bond ETF by 9.3% during the second quarter. Janney Montgomery Scott LLC now owns 145,276 shares of the company’s stock valued at $7,229,000 after buying an additional 12,353 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.79 on Monday. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84. The business has a 50-day moving average price of $49.74 and a 200 day moving average price of $49.67. The company has a market capitalization of $12.66 billion, a P/E ratio of -23.94 and a beta of 0.04.

About PGIM Ultra Short Bond ETF

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation.