59,207 Shares in PGIM Ultra Short Bond ETF $PULS Bought by IFS Group LLC

IFS Group LLC purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 59,207 shares of the company’s stock, valued at approximately $2,931,000. PGIM Ultra Short Bond ETF accounts for approximately 2.6% of IFS Group LLC’s portfolio, making the stock its 5th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Wealth raised its stake in shares of PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth about $330,000. Cerity Partners LLC bought a new position in PGIM Ultra Short Bond ETF during the second quarter valued at about $273,000. Betterment LLC grew its position in PGIM Ultra Short Bond ETF by 5.2% during the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock valued at $1,628,000 after buying an additional 1,628 shares during the period. Finally, Transamerica Financial Advisors LLC increased its holdings in PGIM Ultra Short Bond ETF by 6.1% during the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after buying an additional 3,157 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.68 on Wednesday. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of -23.88 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The firm’s 50-day simple moving average is $49.63 and its two-hundred day simple moving average is $49.65.

PGIM Ultra Short Bond ETF 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.