Main Street Group LTD Sells 21,576 Shares of PGIM Ultra Short Bond ETF $PULS

Main Street Group LTD trimmed its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 659,316 shares of the company’s stock after selling 21,576 shares during the quarter. PGIM Ultra Short Bond ETF makes up 9.6% of Main Street Group LTD’s portfolio, making the stock its 3rd biggest position. Main Street Group LTD owned 0.22% of PGIM Ultra Short Bond ETF worth $32,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PULS. JPMorgan Chase & Co. raised its stake in shares of PGIM Ultra Short Bond ETF by 4.3% in the 4th quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after purchasing an additional 1,631,142 shares in the last quarter. Morgan Stanley lifted its position in shares of PGIM Ultra Short Bond ETF by 1.2% during 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 last quarter. LPL Financial LLC grew 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 in the last quarter. Bank of America Corp DE grew 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 in the last quarter. Finally, Wells Fargo & Company MN increased its holdings 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 valued at $385,530,000 after buying an additional 356,553 shares during the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.62 on Friday. The business has a 50-day moving average price of $49.62 and a 200 day moving average price of $49.65. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The firm has a market cap of $17.39 billion, a P/E ratio of -23.86 and a beta of 0.02.

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.