PGIM Ultra Short Bond ETF $PULS Stock: Park Avenue Securities LLC Decreases Position

Park Avenue Securities LLC lessened its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 87.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,767 shares of the company’s stock after selling 56,368 shares during the period. Park Avenue Securities LLC’s holdings in PGIM Ultra Short Bond ETF were worth $384,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PULS. PNC Financial Services Group Inc. grew its position in PGIM Ultra Short Bond ETF by 22.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after acquiring an additional 918,258 shares during the last quarter. Cetera Investment Advisers lifted its position in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC lifted its position in PGIM Ultra Short Bond ETF by 103.2% in the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after purchasing an additional 1,638,630 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of PGIM Ultra Short Bond ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock valued at $120,844,000 after purchasing an additional 59,415 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 56.8% during the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock valued at $101,561,000 after purchasing an additional 742,333 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock remained flat at $49.50 on Friday. 3,164,546 shares of the stock traded hands, compared to its average volume of 2,932,376. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.82. The firm has a market cap of $19.65 billion, a PE ratio of -23.80 and a beta of 0.02. The firm has a 50 day moving average of $49.56 and a 200-day moving average of $49.62.

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.