PGIM Ultra Short Bond ETF $PULS Stock: Summit Financial Strategies Inc. Grows Stake

Summit Financial Strategies Inc. grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 99.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,999 shares of the company’s stock after buying an additional 14,924 shares during the quarter. Summit Financial Strategies Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Financial Planning Navigators CORP acquired a new position in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $2,592,000. Tempus Wealth Planning LLC lifted its position in PGIM Ultra Short Bond ETF by 4.8% in the third quarter. Tempus Wealth Planning LLC now owns 17,453 shares of the company’s stock worth $863,000 after purchasing an additional 800 shares during the period. Shore Point Advisors LLC lifted its position in PGIM Ultra Short Bond ETF by 4.2% in the third quarter. Shore Point Advisors LLC now owns 252,696 shares of the company’s stock worth $12,364,000 after purchasing an additional 10,271 shares during the period. Focus Financial Network Inc. lifted its position in PGIM Ultra Short Bond ETF by 164.9% in the third quarter. Focus Financial Network Inc. now owns 17,055 shares of the company’s stock worth $845,000 after purchasing an additional 10,616 shares during the period. Finally, 4WEALTH Advisors Inc. lifted its position in PGIM Ultra Short Bond ETF by 10.8% in the third quarter. 4WEALTH Advisors Inc. now owns 45,574 shares of the company’s stock worth $2,261,000 after purchasing an additional 4,426 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA PULS opened at $49.55 on Thursday. The stock has a fifty day moving average price of $49.59 and a two-hundred day moving average price of $49.61. The firm has a market cap of $19.66 billion, a P/E ratio of -23.82 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83.

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.