Bouvel Investment Partners LLC boosted its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 95.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 324,769 shares of the company’s stock after purchasing an additional 158,734 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 3.8% of Bouvel Investment Partners LLC’s holdings, making the stock its 2nd largest position. Bouvel Investment Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $16,063,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PULS. Anchor Investment Management LLC purchased a new position in PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. Flagship Wealth Advisors LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth approximately $25,000. TOP Private Wealth LLC. acquired a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $48,000. NBH Bank acquired a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $53,000. Finally, Blue Trust Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 61.9% in the 1st quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock valued at $80,000 after buying an additional 620 shares during the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.
PGIM Ultra Short Bond ETF Stock Performance
NYSEARCA PULS traded down $0.01 during trading hours on Tuesday, hitting $49.53. The company had a trading volume of 5,942,215 shares, compared to its average volume of 2,877,250. PGIM Ultra Short Bond ETF has a 1-year low of $49.45 and a 1-year high of $49.83. The company has a market cap of $19.57 billion, a PE ratio of -23.81 and a beta of 0.02. The business has a 50 day moving average of $49.59 and a 200-day moving average of $49.61.
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.
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