LPL Financial LLC Raises Stake in PGIM Ultra Short Bond ETF $PULS

LPL Financial LLC lifted its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,148,152 shares of the company’s stock after buying an additional 869,510 shares during the quarter. LPL Financial LLC owned approximately 4.15% of PGIM Ultra Short Bond ETF worth $552,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PULS. JPMorgan Chase & Co. grew its holdings in shares of PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after buying an additional 4,065,547 shares in the last quarter. Bank of America Corp DE grew its holdings in PGIM Ultra Short Bond ETF by 17.8% in 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 buying an additional 1,647,341 shares during the period. Ameriprise Financial Inc. grew its holdings in PGIM Ultra Short Bond ETF by 1,051.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after buying an additional 942,934 shares during the period. Blue Water Asset Management purchased a new stake in PGIM Ultra Short Bond ETF in the 4th quarter valued at about $40,936,000. Finally, UBS Group AG grew its holdings in PGIM Ultra Short Bond ETF by 16.9% in the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock valued at $204,420,000 after buying an additional 591,642 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.57 on Tuesday. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of -23.83 and a beta of 0.02. The business has a 50-day moving average of $49.62 and a two-hundred day moving average of $49.67. 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.