PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sets New 52-Week Low – Time to Sell?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) hit a new 52-week low on Wednesday. The company traded as low as $49.45 and last traded at $49.4550, with a volume of 169085 shares trading hands. The stock had previously closed at $49.61.

PGIM Ultra Short Bond ETF Price Performance

The firm’s fifty day moving average is $49.61 and its two-hundred day moving average is $49.62. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of -23.78 and a beta of 0.02.

Institutional Trading of PGIM Ultra Short Bond ETF

Institutional investors have recently made changes to their positions in the stock. Macco Financial Group Inc. bought a new position in shares of PGIM Ultra Short Bond ETF in the first quarter valued at approximately $1,244,000. Intrepid Family Office LLC acquired a new stake in PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $620,000. Valmark Advisers Inc. boosted its stake in PGIM Ultra Short Bond ETF by 47.7% during the 1st quarter. Valmark Advisers Inc. now owns 69,201 shares of the company’s stock valued at $3,425,000 after purchasing an additional 22,350 shares in the last quarter. World Investment Advisors boosted its stake in PGIM Ultra Short Bond ETF by 658.6% during the 1st quarter. World Investment Advisors now owns 43,527 shares of the company’s stock valued at $2,155,000 after purchasing an additional 37,789 shares in the last quarter. Finally, Pacific Financial Group Inc. bought a new position in PGIM Ultra Short Bond ETF during the 4th quarter valued at $2,453,000. 72.71% of the stock is owned by institutional investors and hedge funds.

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.