Cetera Investment Advisers Acquires 1,715,376 Shares of PGIM Ultra Short Bond ETF $PULS

Cetera Investment Advisers raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 56.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,739,085 shares of the company’s stock after acquiring an additional 1,715,376 shares during the period. Cetera Investment Advisers’ holdings in PGIM Ultra Short Bond ETF were worth $234,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PULS. Seed Wealth Management Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 297.1% in the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock worth $4,965,000 after purchasing an additional 74,905 shares during the last quarter. Farther Finance Advisors LLC raised its stake in PGIM Ultra Short Bond ETF by 1,066.8% in the fourth quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock valued at $9,250,000 after purchasing an additional 170,546 shares in the last quarter. Embree Financial Group raised its stake in PGIM Ultra Short Bond ETF by 85.1% in the fourth quarter. Embree Financial Group now owns 442,084 shares of the company’s stock valued at $21,923,000 after purchasing an additional 203,209 shares in the last quarter. DAVENPORT & Co LLC lifted its position in PGIM Ultra Short Bond ETF by 152.5% during the fourth quarter. DAVENPORT & Co LLC now owns 170,856 shares of the company’s stock valued at $8,473,000 after purchasing an additional 103,190 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter valued at approximately $602,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.65 on Thursday. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84. The stock has a market cap of $17.40 billion, a PE ratio of -23.87 and a beta of 0.02. The firm has a 50 day simple moving average of $49.63 and a two-hundred day simple 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.