Norris Financial Group LLC Buys Shares of 45,994 PGIM Ultra Short Bond ETF $PULS

Norris Financial Group LLC purchased a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 45,994 shares of the company’s stock, valued at approximately $2,277,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after buying an additional 1,715,376 shares in the last quarter. Bank of America Corp DE increased its holdings in PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after acquiring an additional 1,647,341 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth 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. Ameriprise Financial Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after purchasing an additional 942,934 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 22.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after purchasing an additional 918,258 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.69 on Friday. The stock’s 50 day moving average price is $49.63 and its 200 day moving average price is $49.65. The firm has a market cap of $17.41 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.

PGIM Ultra Short Bond ETF Company 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.