Smallwood Wealth Investment Management LLC lowered its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,926 shares of the company’s stock after selling 17,254 shares during the period. PGIM Ultra Short Bond ETF comprises about 2.6% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. Smallwood Wealth Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,080,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of PULS. Cetera Investment Advisers lifted its holdings in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after acquiring an additional 1,715,376 shares during the period. Kensington Asset Management LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 103.2% during the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after purchasing an additional 1,638,630 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $50,482,000. PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $244,513,000 after purchasing an additional 918,258 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of PGIM Ultra Short Bond ETF by 56.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock valued at $101,561,000 after purchasing an additional 742,333 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.
PGIM Ultra Short Bond ETF Stock Up 0.0%
NYSEARCA PULS opened at $49.50 on Thursday. The company has a 50-day moving average price of $49.57 and a 200-day moving average price of $49.62. PGIM Ultra Short Bond ETF has a 52 week low of $49.45 and a 52 week high of $49.82. The firm has a market capitalization of $19.64 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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