PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Shares Cross Below Fifty Day Moving Average – What’s Next?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $49.58 and traded as low as $49.46. PGIM Ultra Short Bond ETF shares last traded at $49.48, with a volume of 3,744,182 shares.

PGIM Ultra Short Bond ETF Price Performance

The company has a market cap of $19.74 billion, a PE ratio of -23.79 and a beta of 0.02. The stock has a fifty day moving average price of $49.58 and a 200-day moving average price of $49.63.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PULS. Provenance Wealth Advisors LLC acquired a new position in PGIM Ultra Short Bond ETF during the 3rd quarter worth $451,000. Aviance Capital Partners LLC increased its position in shares of PGIM Ultra Short Bond ETF by 1.5% during the third quarter. Aviance Capital Partners LLC now owns 45,531 shares of the company’s stock valued at $2,252,000 after purchasing an additional 662 shares during the period. Intrua Financial LLC acquired a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at $295,000. Americana Partners LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 12.7% in the 3rd quarter. Americana Partners LLC now owns 166,459 shares of the company’s stock worth $8,233,000 after buying an additional 18,772 shares in the last quarter. Finally, Petros Family Wealth LLC raised its stake in PGIM Ultra Short Bond ETF by 14.2% during the third quarter. Petros Family Wealth LLC now owns 31,817 shares of the company’s stock worth $1,574,000 after acquiring an additional 3,964 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

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.