Global Retirement Partners LLC Invests $8.05 Million in PGIM Ultra Short Bond ETF $PULS

Global Retirement Partners LLC acquired a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 161,819 shares of the company’s stock, valued at approximately $8,052,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in PGIM Ultra Short Bond ETF by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock worth $1,677,610,000 after acquiring an additional 897,077 shares in the last quarter. Prudential Financial Inc. increased its position in PGIM Ultra Short Bond ETF by 13.7% during the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after purchasing an additional 2,999,297 shares in the last quarter. LPL Financial LLC lifted its stake in PGIM Ultra Short Bond ETF by 38.1% in the 1st quarter. LPL Financial LLC now owns 9,494,864 shares of the company’s stock valued at $472,180,000 after purchasing an additional 2,618,786 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at approximately $250,500,000. Finally, Raymond James Financial Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 38.0% during the first quarter. Raymond James Financial Inc. now owns 4,365,027 shares of the company’s stock worth $217,073,000 after buying an additional 1,202,781 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.1%

Shares of PULS stock opened at $49.77 on Monday. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The stock’s fifty day simple moving average is $49.74 and its 200 day simple moving average is $49.70. The firm has a market capitalization of $12.65 billion, a P/E ratio of -23.93 and a beta of 0.01.

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.