Sheets Smith Wealth Management increased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,980 shares of the company’s stock after purchasing an additional 14,189 shares during the quarter. PGIM Ultra Short Bond ETF accounts for approximately 1.1% of Sheets Smith Wealth Management’s portfolio, making the stock its 16th biggest position. Sheets Smith Wealth Management owned about 0.07% of PGIM Ultra Short Bond ETF worth $9,652,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PULS. Founders Financial Securities LLC lifted its position in PGIM Ultra Short Bond ETF by 51.3% in the first quarter. Founders Financial Securities LLC now owns 24,604 shares of the company’s stock valued at $1,220,000 after buying an additional 8,339 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of PGIM Ultra Short Bond ETF by 120.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 336,493 shares of the company’s stock valued at $16,687,000 after acquiring an additional 184,127 shares during the last quarter. World Investment Advisors increased its position in shares of PGIM Ultra Short Bond ETF by 40.9% during the fourth quarter. World Investment Advisors now owns 5,738 shares of the company’s stock valued at $285,000 after acquiring an additional 1,665 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at about $1,774,000. Finally, Clearwave Capital LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 4th quarter valued at approximately $6,852,000. 72.71% of the stock is owned by institutional investors and hedge funds.
PGIM Ultra Short Bond ETF Stock Performance
Shares of PULS stock opened at $49.65 on Friday. The firm’s 50 day moving average price is $49.63 and its 200-day moving average price is $49.66. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84. The firm has a market cap of $17.22 billion, a P/E ratio of -23.87 and a beta of 0.02.
PGIM Ultra Short Bond ETF Profile
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. PULS was launched on Apr 5, 2018 and is managed by PGIM.
See Also
- Five stocks we like better than PGIM Ultra Short Bond ETF
- The Oil Trade May Not Be Over: 3 Energy Stocks to Watch
- SpaceX Was Just the Beginning—2 More Massive IPOs Are on Deck
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
Want to see what other hedge funds are holding PULS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report).
Receive News & Ratings for PGIM Ultra Short Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGIM Ultra Short Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
