MML Investors Services LLC Grows Holdings in PGIM Ultra Short Bond ETF $PULS

MML Investors Services LLC grew its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 735,815 shares of the company’s stock after purchasing an additional 103,830 shares during the period. MML Investors Services LLC’s holdings in PGIM Ultra Short Bond ETF were worth $36,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in 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 period. Morgan Stanley increased its stake in PGIM Ultra Short Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock worth $820,801,000 after purchasing an additional 203,799 shares during the period. LPL Financial LLC increased its stake in PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after purchasing an additional 869,510 shares during the period. Bank of America Corp DE increased its stake in PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after purchasing an additional 215,246 shares during the period. Finally, Wells Fargo & Company MN increased its stake in PGIM Ultra Short Bond ETF by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock worth $385,530,000 after purchasing an additional 356,553 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.64 on Tuesday. The business’s fifty day simple moving average is $49.63 and its two-hundred day simple moving average is $49.66. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02.

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.