PGIM Ultra Short Bond ETF $PULS Stock Purchased by Focused Alpha LLC

Focused Alpha LLC grew its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 30.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,570 shares of the company’s stock after acquiring an additional 50,608 shares during the quarter. PGIM Ultra Short Bond ETF comprises approximately 2.7% of Focused Alpha LLC’s portfolio, making the stock its 7th biggest position. Focused Alpha LLC owned approximately 0.05% of PGIM Ultra Short Bond ETF worth $10,810,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Anchor Investment Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 49.6% during the second quarter. Anchor Investment Management LLC now owns 751 shares of the company’s stock worth $37,000 after buying an additional 249 shares during the last quarter. PVG Asset Management Corp raised its stake in PGIM Ultra Short Bond ETF by 5.7% during the 2nd quarter. PVG Asset Management Corp now owns 5,573 shares of the company’s stock valued at $276,000 after acquiring an additional 302 shares during the last quarter. Friedenthal Financial raised its stake in PGIM Ultra Short Bond ETF by 2.0% during the 1st quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after acquiring an additional 377 shares during the last quarter. KPP Advisory Services LLC lifted its position in PGIM Ultra Short Bond ETF by 10.3% during the 1st quarter. KPP Advisory Services LLC now owns 5,350 shares of the company’s stock worth $265,000 after acquiring an additional 500 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its position in PGIM Ultra Short Bond ETF by 8.2% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 6,726 shares of the company’s stock worth $333,000 after acquiring an additional 508 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.57 on Tuesday. The stock has a fifty day moving average price of $49.58 and a 200 day moving average price of $49.61. PGIM Ultra Short Bond ETF has a 1-year low of $49.45 and a 1-year high of $49.83. The company has a market cap of $19.72 billion, a PE ratio of -23.83 and a beta of 0.02.

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.