Valeo Financial Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 35.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 914,811 shares of the company’s stock after buying an additional 239,190 shares during the period. PGIM Ultra Short Bond ETF comprises approximately 1.0% of Valeo Financial Advisors LLC’s portfolio, making the stock its 21st largest position. Valeo Financial Advisors LLC owned about 0.23% of PGIM Ultra Short Bond ETF worth $45,247,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in PGIM Ultra Short Bond ETF by 22.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after acquiring an additional 918,258 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the period. Kensington Asset Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 103.2% in the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after purchasing an additional 1,638,630 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after purchasing an additional 59,415 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of PGIM Ultra Short Bond ETF by 56.8% in the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after buying an additional 742,333 shares during the period. 72.71% of the stock is owned by institutional investors.
PGIM Ultra Short Bond ETF Stock Performance
NYSEARCA:PULS traded down $0.01 during midday trading on Thursday, reaching $49.51. 1,648,238 shares of the stock traded hands, compared to its average volume of 2,859,122. The company has a fifty day moving average of $49.59 and a 200 day moving average of $49.61. PGIM Ultra Short Bond ETF has a 12 month low of $49.45 and a 12 month high of $49.83. The stock has a market capitalization of $19.51 billion, a P/E ratio of -23.80 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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