Pine Harbor Wealth Management LLC Raises Holdings in PGIM Ultra Short Bond ETF $PULS

Pine Harbor Wealth Management LLC increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 10.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 685,513 shares of the company’s stock after buying an additional 62,045 shares during the period. PGIM Ultra Short Bond ETF accounts for about 10.2% of Pine Harbor Wealth Management LLC’s holdings, making the stock its 4th largest holding. Pine Harbor Wealth Management LLC owned 0.23% of PGIM Ultra Short Bond ETF worth $33,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC increased its holdings in shares of PGIM Ultra Short Bond ETF by 19.6% during the third quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock valued at $7,595,000 after acquiring an additional 25,105 shares in the last quarter. Seed Wealth Management Inc. boosted its stake in PGIM Ultra Short Bond ETF by 297.1% in the 4th 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in PGIM Ultra Short Bond ETF by 1,066.8% in the 4th quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock worth $9,250,000 after purchasing an additional 170,546 shares in the last quarter. Embree Financial Group grew its position in PGIM Ultra Short Bond ETF by 85.1% during the 4th 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 during the last quarter. Finally, BOS Asset Management LLC grew its position in PGIM Ultra Short Bond ETF by 58.9% during the 4th quarter. BOS Asset Management LLC now owns 132,080 shares of the company’s stock valued at $6,550,000 after purchasing an additional 48,958 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.57 on Friday. The firm has a market cap of $17.37 billion, a P/E ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The firm has a 50-day simple moving average of $49.63 and a two-hundred day simple moving average of $49.66.

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.