Private Advisor Group LLC Boosts Stock Position in PGIM Ultra Short Bond ETF $PULS

Private Advisor Group LLC raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 43.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 940,649 shares of the company’s stock after purchasing an additional 286,834 shares during the period. Private Advisor Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $46,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of PGIM Ultra Short Bond ETF by 17.8% during the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after buying an additional 1,647,341 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after acquiring an additional 1,631,142 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after acquiring an additional 942,934 shares in the last quarter. LPL Financial LLC boosted its stake in PGIM Ultra Short Bond ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock valued at $552,837,000 after acquiring an additional 869,510 shares during the last quarter. Finally, Blue Water Asset Management bought a new position in PGIM Ultra Short Bond ETF during the 4th quarter valued at $40,936,000. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.57 on Friday. The firm has a fifty day moving average of $49.64 and a two-hundred day moving average of $49.66. The firm has a market cap of $17.37 billion, a P/E ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84.

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.