NewEdge Wealth LLC Lowers Stock Holdings in PGIM Ultra Short Bond ETF $PULS

NewEdge Wealth LLC reduced its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 274,500 shares of the company’s stock after selling 178,968 shares during the quarter. NewEdge Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $13,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC increased its position in PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new stake in PGIM Ultra Short Bond ETF in the third quarter worth $30,000. Rossby Financial LCC bought a new stake in PGIM Ultra Short Bond ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.62 on Friday. The business has a fifty day moving average price of $49.63 and a 200-day moving average price of $49.68. The company has a market capitalization of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84.

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.