Retirement Planning Group LLC Reduces Stock Position in PGIM Ultra Short Bond ETF $PULS

Retirement Planning Group LLC lowered its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 74.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,335 shares of the company’s stock after selling 27,316 shares during the quarter. Retirement Planning Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $462,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of PGIM Ultra Short Bond ETF by 17.8% during the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Ameriprise Financial Inc. increased its stake in PGIM Ultra Short Bond ETF by 1,051.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after buying an additional 942,934 shares during the period. LPL Financial LLC increased its stake in PGIM Ultra Short Bond ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after buying an additional 869,510 shares during the period. Finally, Blue Water Asset Management bought a new stake in PGIM Ultra Short Bond ETF during the 4th quarter valued at about $40,936,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.62 on Thursday. The firm has a market capitalization of $17.39 billion, a price-to-earnings 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. The company has a 50-day moving average of $49.62 and a 200 day moving average of $49.65.

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.