Pacific Financial Group Inc. Makes New $2.45 Million Investment in PGIM Ultra Short Bond ETF $PULS

Pacific Financial Group Inc. acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 49,241 shares of the company’s stock, valued at approximately $2,453,000. PGIM Ultra Short Bond ETF makes up about 1.4% of Pacific Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in PGIM Ultra Short Bond ETF in the third quarter valued at about $30,000. Rossby Financial LCC purchased a new position in PGIM Ultra Short Bond ETF in the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. purchased a new position in PGIM Ultra Short Bond ETF in the fourth quarter valued at about $32,000. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Up 0.0%

PULS opened at $49.65 on Wednesday. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The company’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $49.66.

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.