Summit Wealth Group LLC Co. Lowers Position in PGIM Ultra Short Bond ETF $PULS

Summit Wealth Group LLC Co. lessened its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 90.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,639 shares of the company’s stock after selling 191,731 shares during the period. Summit Wealth Group LLC Co.’s holdings in PGIM Ultra Short Bond ETF were worth $1,023,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after buying an additional 525 shares during the period. Turim 21 Investimentos Ltda. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $30,000. Rossby Financial LCC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares during the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of PULS opened at $49.63 on Wednesday. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The company has a market capitalization of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. The stock has a fifty day simple moving average of $49.62 and a two-hundred day simple moving average of $49.68.

About PGIM Ultra Short Bond ETF

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.