PGIM Ultra Short Bond ETF $PULS Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 22.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,939,651 shares of the company’s stock after buying an additional 918,258 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $244,513,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PULS. Focus Partners Wealth raised 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 valued at $1,137,000 after acquiring an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in PGIM Ultra Short Bond ETF during the 2nd quarter worth $330,000. Cerity Partners LLC acquired a new position in PGIM Ultra Short Bond ETF during the 2nd quarter worth $273,000. Betterment LLC grew its stake in PGIM Ultra Short Bond ETF by 5.2% during 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 increased its holdings in PGIM Ultra Short Bond ETF by 6.1% during 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 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 $49.65 on Wednesday. The firm has a market capitalization of $17.40 billion, a P/E ratio of -23.87 and a beta of 0.02. The business’s 50-day moving average is $49.63 and its two-hundred day moving average is $49.65. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84.

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.