NewEdge Advisors LLC Acquires 120,342 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Advisors LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,335 shares of the company’s stock after purchasing an additional 120,342 shares during the period. NewEdge Advisors LLC owned about 0.45% of PGIM Ultra Short Bond ETF worth $64,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in PGIM Ultra Short Bond ETF by 1,066.8% in the fourth quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock worth $9,250,000 after acquiring an additional 170,546 shares during the period. MBM Wealth Consultants LLC increased its position in PGIM Ultra Short Bond ETF by 14.9% during the 4th quarter. MBM Wealth Consultants LLC now owns 478,313 shares of the company’s stock valued at $23,720,000 after purchasing an additional 61,979 shares during the period. Allspring Global Investments Holdings LLC bought a new position in PGIM Ultra Short Bond ETF in the 4th quarter worth $602,000. Western Wealth Management LLC raised its holdings in PGIM Ultra Short Bond ETF by 113.5% in the 4th quarter. Western Wealth Management LLC now owns 40,031 shares of the company’s stock worth $1,985,000 after purchasing an additional 21,279 shares in the last quarter. Finally, Shore Point Advisors LLC lifted its position in shares of PGIM Ultra Short Bond ETF by 532.4% in the 4th quarter. Shore Point Advisors LLC now owns 63,710 shares of the company’s stock worth $3,159,000 after purchasing an additional 53,635 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA:PULS opened at $49.58 on Friday. The company has a 50-day moving average price of $49.61 and a 200-day moving average price of $49.64. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of -23.84 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month 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.