NewEdge Wealth LLC Sells 20,435 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Wealth LLC cut its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,065 shares of the company’s stock after selling 20,435 shares during the quarter. NewEdge Wealth LLC owned approximately 0.09% of PGIM Ultra Short Bond ETF worth $12,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Seed Wealth Management Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 297.1% in the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock valued at $4,965,000 after acquiring an additional 74,905 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in PGIM Ultra Short Bond ETF by 1,066.8% during the 4th quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock worth $9,250,000 after purchasing an additional 170,546 shares during the last quarter. Embree Financial Group raised its holdings in PGIM Ultra Short Bond ETF by 85.1% during the 4th quarter. Embree Financial Group now owns 442,084 shares of the company’s stock worth $21,923,000 after purchasing an additional 203,209 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of PGIM Ultra Short Bond ETF by 152.5% in the 4th quarter. DAVENPORT & Co LLC now owns 170,856 shares of the company’s stock worth $8,473,000 after purchasing an additional 103,190 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of PGIM Ultra Short Bond ETF in the 4th quarter worth approximately $602,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.65 on Thursday. The firm’s fifty day moving average is $49.63 and its 200-day moving average is $49.65. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The firm has a market cap of $17.40 billion, a P/E ratio of -23.87 and a beta of 0.02.

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.