PGIM Ultra Short Bond ETF $PULS Stock Position Boosted by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC grew its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 416,334 shares of the company’s stock after buying an additional 66,196 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 5.2% of MBM Wealth Consultants LLC’s holdings, making the stock its 4th largest holding. MBM Wealth Consultants LLC’s holdings in PGIM Ultra Short Bond ETF were worth $20,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 13.7% during the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after buying an additional 2,999,297 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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 in the last quarter. Horizon Wealth Management LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $62,497,000. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after purchasing an additional 897,077 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in PGIM Ultra Short Bond ETF by 269.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after buying an additional 682,812 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.1%

Shares of PGIM Ultra Short Bond ETF stock opened at $49.76 on Friday. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84. The firm has a market capitalization of $13.36 billion, a P/E ratio of -23.92 and a beta of 0.01. The company has a 50 day moving average price of $49.70 and a 200 day moving average price of $49.72.

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.