Commonwealth Equity Services LLC Makes New Investment in PGIM Ultra Short Bond ETF $PULS

Commonwealth Equity Services LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,181,019 shares of the company’s stock, valued at approximately $107,873,000. Commonwealth Equity Services LLC owned about 0.55% of PGIM Ultra Short Bond ETF at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 22.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after purchasing an additional 918,258 shares during the last quarter. Cetera Investment Advisers lifted its holdings in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after acquiring an additional 1,715,376 shares during the period. Kensington Asset Management LLC lifted its holdings in PGIM Ultra Short Bond ETF by 103.2% in the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after acquiring an additional 1,638,630 shares during the period. Royal Bank of Canada lifted its holdings in PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock valued at $120,844,000 after acquiring an additional 59,415 shares during the period. Finally, NewEdge Advisors LLC boosted its position in PGIM Ultra Short Bond ETF by 56.8% in the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after purchasing an additional 742,333 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock remained flat at $49.50 during trading hours on Friday. The company’s stock had a trading volume of 3,164,546 shares, compared to its average volume of 2,932,376. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of -23.80 and a beta of 0.02. The business’s 50 day moving average is $49.56 and its 200 day moving average is $49.62. PGIM Ultra Short Bond ETF has a 1-year low of $49.45 and a 1-year high of $49.82.

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.