PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Stock Crosses Below Fifty Day Moving Average – Here’s Why

PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Get Free Report)’s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $49.58 and traded as low as $49.46. PGIM Ultra Short Bond ETF shares last traded at $49.48, with a volume of 3,744,182 shares.

PGIM Ultra Short Bond ETF Stock Down 0.3%

The firm has a fifty day moving average price of $49.58 and a 200-day moving average price of $49.63. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of -23.79 and a beta of 0.02.

Institutional Trading of PGIM Ultra Short Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC purchased a new position in PGIM Ultra Short Bond ETF in the third quarter valued at about $451,000. Aviance Capital Partners LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 1.5% during the third quarter. Aviance Capital Partners LLC now owns 45,531 shares of the company’s stock worth $2,252,000 after purchasing an additional 662 shares in the last quarter. Intrua Financial LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter worth about $295,000. Americana Partners LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 12.7% in the third quarter. Americana Partners LLC now owns 166,459 shares of the company’s stock worth $8,233,000 after buying an additional 18,772 shares during the period. Finally, Petros Family Wealth LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 14.2% in the third quarter. Petros Family Wealth LLC now owns 31,817 shares of the company’s stock worth $1,574,000 after buying an additional 3,964 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Company Profile

(Get Free Report)

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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