Koshinski Asset Management Inc. Lowers Holdings in PGIM Ultra Short Bond ETF $PULS

Koshinski Asset Management Inc. cut its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,280 shares of the company’s stock after selling 15,322 shares during the period. Koshinski Asset Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $1,650,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Diversify Wealth Management LLC lifted its holdings in PGIM Ultra Short Bond ETF by 26.1% in the 4th quarter. Diversify Wealth Management LLC now owns 216,813 shares of the company’s stock worth $10,773,000 after purchasing an additional 44,819 shares in the last quarter. PKS Advisory Services LLC purchased a new position in PGIM Ultra Short Bond ETF in the 4th quarter worth approximately $627,000. Truist Financial Corp lifted its holdings in PGIM Ultra Short Bond ETF by 16.3% in the 4th quarter. Truist Financial Corp now owns 178,154 shares of the company’s stock worth $8,835,000 after purchasing an additional 24,972 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in PGIM Ultra Short Bond ETF by 16.4% in the 4th quarter. KPP Advisory Services LLC now owns 4,850 shares of the company’s stock worth $241,000 after purchasing an additional 683 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in PGIM Ultra Short Bond ETF by 49.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 15,043 shares of the company’s stock worth $746,000 after purchasing an additional 4,984 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA PULS opened at $49.62 on Friday. The stock’s 50 day moving average is $49.63 and its 200 day moving average is $49.68. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The stock has a market cap of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02.

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.