Ridgeline Wealth LLC Grows Stake in PGIM Ultra Short Bond ETF $PULS

Ridgeline Wealth LLC lifted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,462 shares of the company’s stock after purchasing an additional 13,105 shares during the quarter. PGIM Ultra Short Bond ETF comprises approximately 1.7% of Ridgeline Wealth LLC’s portfolio, making the stock its 15th largest holding. Ridgeline Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in PGIM Ultra Short Bond ETF by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock worth $1,677,610,000 after acquiring an additional 897,077 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 13.7% during the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after acquiring an additional 2,999,297 shares during the last quarter. Bank of America Corp DE increased its position in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. Temasek Holdings Private Ltd bought a new position in shares of PGIM Ultra Short Bond ETF in the first quarter worth approximately $250,500,000. Finally, Charles Schwab Investment Management Inc. raised its stake in PGIM Ultra Short Bond ETF by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock valued at $180,021,000 after purchasing an additional 49,798 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.76 on Friday. The company has a 50 day simple moving average of $49.72 and a two-hundred day simple moving average of $49.71. The firm has a market cap of $13.28 billion, a PE ratio of -23.92 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84.

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.