Navigation Group LLC Invests $28.97 Million in PGIM Ultra Short Bond ETF $PULS

Navigation Group LLC bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 585,168 shares of the company’s stock, valued at approximately $28,966,000. PGIM Ultra Short Bond ETF accounts for 6.8% of Navigation Group LLC’s investment portfolio, making the stock its 4th biggest holding. Navigation Group LLC owned approximately 0.20% of PGIM Ultra Short Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Spinnaker Investment Group LLC grew its stake in PGIM Ultra Short Bond ETF by 3.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after purchasing an additional 202 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 9.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock valued at $208,000 after buying an additional 361 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% during the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after buying an additional 361 shares in the last quarter. Friedenthal Financial grew its position in shares of PGIM Ultra Short Bond ETF by 2.0% in the 1st quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock worth $943,000 after buying an additional 377 shares during the period. Finally, Financial Engines Advisors L.L.C. grew its position in shares of PGIM Ultra Short Bond ETF by 3.3% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock worth $622,000 after buying an additional 396 shares during the period. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.62 on Thursday. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02. The company has a 50-day moving average of $49.62 and a 200 day moving average of $49.65.

PGIM Ultra Short Bond ETF Company 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.