NewEdge Advisors LLC raised its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 56.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,049,668 shares of the company’s stock after purchasing an additional 742,333 shares during the quarter. NewEdge Advisors LLC owned approximately 0.54% of PGIM Ultra Short Bond ETF worth $101,561,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in PULS. PVG Asset Management Corp increased its position in shares of PGIM Ultra Short Bond ETF by 5.7% during the second quarter. PVG Asset Management Corp now owns 5,573 shares of the company’s stock worth $276,000 after buying an additional 302 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock valued at $208,000 after buying an additional 361 shares during the period. Captrust Financial Advisors lifted its holdings in PGIM Ultra Short Bond ETF by 2.0% in the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after buying an additional 361 shares during the period. Friedenthal Financial boosted its position in PGIM Ultra Short Bond ETF by 2.0% during the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after acquiring an additional 377 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its position in PGIM Ultra Short Bond ETF by 3.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.
PGIM Ultra Short Bond ETF Trading Up 0.0%
Shares of PGIM Ultra Short Bond ETF stock opened at $49.57 on Wednesday. The business has a 50-day moving average price of $49.61 and a two-hundred day moving average price of $49.63. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The company has a market cap of $18.79 billion, a P/E ratio of -23.83 and a beta of 0.02.
PGIM Ultra Short Bond ETF Company 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.
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