PGIM Ultra Short Bond ETF $PULS Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.2% in the first quarter, HoldingsChannel.com reports. The fund owned 386,858 shares of the company’s stock after selling 53,916 shares during the period. Geneos Wealth Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $19,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spinnaker Investment Group LLC increased its stake in PGIM Ultra Short Bond ETF by 3.6% during the 4th quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after buying an additional 202 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after acquiring an additional 361 shares in the last quarter. Captrust Financial Advisors increased its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after acquiring an additional 361 shares during the period. Friedenthal Financial raised its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after acquiring an additional 377 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of PGIM Ultra Short Bond ETF by 3.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after acquiring an additional 396 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.62 on Thursday. The business’s 50-day moving average is $49.62 and its two-hundred day moving average is $49.65. The firm has a market capitalization of $17.39 billion, a P/E 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.