Independent Financial Group LLC Acquires New Stake in PGIM Ultra Short Bond ETF $PULS

Independent Financial Group LLC acquired a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the first quarter, Holdings Channel reports. The fund acquired 18,879 shares of the company’s stock, valued at approximately $935,000.

A number of other large investors have also modified their holdings of the business. Focus Partners Wealth lifted its stake in shares of PGIM Ultra Short Bond ETF by 318.3% in the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after buying an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $330,000. Cerity Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $273,000. Betterment LLC lifted its stake in PGIM Ultra Short Bond ETF by 5.2% in the 2nd quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in PGIM Ultra Short Bond ETF by 6.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after purchasing an additional 3,157 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.63 on Tuesday. The stock’s 50 day simple moving average is $49.63 and its 200-day simple moving average is $49.65. The stock has a market cap of $17.39 billion, a P/E ratio of -23.86 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.

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.