Koshinski Asset Management Inc. cut its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 44.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,356 shares of the company’s stock after selling 14,924 shares during the period. Koshinski Asset Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $909,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of PGIM Ultra Short Bond ETF by 4.3% in the 4th quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Morgan Stanley raised its holdings in PGIM Ultra Short Bond ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock valued at $820,801,000 after buying an additional 203,799 shares during the period. LPL Financial LLC lifted its position in PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock valued at $552,837,000 after buying an additional 869,510 shares during the last quarter. Bank of America Corp DE lifted its position in PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after buying an additional 215,246 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in PGIM Ultra Short Bond ETF by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock valued at $385,530,000 after buying an additional 356,553 shares during the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.
PGIM Ultra Short Bond ETF Stock Performance
Shares of PGIM Ultra Short Bond ETF stock traded up $0.01 on Tuesday, reaching $49.59. The company had a trading volume of 261,356 shares, compared to its average volume of 2,770,481. The firm’s 50 day moving average price is $49.63 and its two-hundred day moving average price is $49.65. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The firm has a market cap of $17.38 billion, a PE ratio of -23.84 and a beta of 0.02.
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. PULS was launched on Apr 5, 2018 and is managed by PGIM.
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