Client First Investment Management LLC Has $7.24 Million Stock Position in PGIM Ultra Short Bond ETF $PULS

Client First Investment Management LLC reduced its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 9.7% in the second quarter, HoldingsChannel reports. The fund owned 146,204 shares of the company’s stock after selling 15,676 shares during the period. PGIM Ultra Short Bond ETF accounts for 3.1% of Client First Investment Management LLC’s portfolio, making the stock its 5th biggest holding. Client First Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $7,244,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PULS. Valeo Financial Advisors LLC increased its stake in shares of PGIM Ultra Short Bond ETF by 9.5% during the second quarter. Valeo Financial Advisors LLC now owns 675,621 shares of the company’s stock valued at $33,477,000 after purchasing an additional 58,712 shares in the last quarter. Worth Asset Management LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 16.3% in the 2nd quarter. Worth Asset Management LLC now owns 15,998 shares of the company’s stock worth $793,000 after purchasing an additional 2,237 shares in the last quarter. First Heartland Consultants Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 11.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 38,477 shares of the company’s stock worth $1,907,000 after purchasing an additional 3,836 shares in the last quarter. Fermata Advisors LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 33.0% in the 2nd quarter. Fermata Advisors LLC now owns 96,693 shares of the company’s stock worth $4,791,000 after buying an additional 24,009 shares during the last quarter. Finally, Ridgeline Wealth LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 17.9% in the 2nd quarter. Ridgeline Wealth LLC now owns 50,817 shares of the company’s stock worth $2,518,000 after buying an additional 7,714 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

PULS stock opened at $49.59 on Friday. The business has a 50 day moving average of $49.62 and a 200 day moving average of $49.64. The firm has a market cap of $17.38 billion, a PE ratio of -23.84 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month 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.