Riverstone Advisors LLC Purchases New Shares in PGIM Ultra Short Bond ETF $PULS

Riverstone Advisors LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 1st quarter, Holdings Channel reports. The fund purchased 11,902 shares of the company’s stock, valued at approximately $589,000.

Other institutional investors also recently bought and sold shares of the company. Fairvoy Private Wealth LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 7.1% in the first quarter. Fairvoy Private Wealth LLC now owns 325,323 shares of the company’s stock valued at $16,104,000 after acquiring an additional 21,464 shares during the period. Kestra Private Wealth Services LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth about $484,000. MBM Wealth Consultants LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 5.4% during the 1st quarter. MBM Wealth Consultants LLC now owns 503,937 shares of the company’s stock worth $24,945,000 after purchasing an additional 25,624 shares during the period. Friedenthal Financial grew its holdings in PGIM Ultra Short Bond ETF by 2.0% during the 1st quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after purchasing an additional 377 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in PGIM Ultra Short Bond ETF by 61.9% during the 1st quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock valued at $80,000 after purchasing an additional 620 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.70 on Friday. The firm has a market capitalization of $17.38 billion, a P/E ratio of -23.89 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The company’s 50-day moving average is $49.64 and its 200 day moving average is $49.66.

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.