PGIM Ultra Short Bond ETF $PULS Stock Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC raised its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1,271.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,747 shares of the company’s stock after buying an additional 127,705 shares during the quarter. Sowell Financial Services LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,813,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at $25,000. Flagship Wealth Advisors LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 1st quarter valued at about $25,000. TOP Private Wealth LLC. bought a new stake in PGIM Ultra Short Bond ETF during the second quarter worth about $48,000. NBH Bank bought a new position in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $53,000. Finally, Blue Trust Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 61.9% during the 1st quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock worth $80,000 after purchasing an additional 620 shares in the last quarter. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.63 on Friday. The firm has a 50-day moving average of $49.58 and a 200-day moving average of $49.63. The company has a market cap of $19.80 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a one year low of $49.45 and a one year high of $49.83.

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.