Scotia Capital Inc. Sells 1,054 Shares of PGIM Ultra Short Bond ETF $PULS

Scotia Capital Inc. reduced its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,949 shares of the company’s stock after selling 1,054 shares during the period. Scotia Capital Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PULS. Northwestern Mutual Wealth Management Co. increased its position in shares of PGIM Ultra Short Bond ETF by 269.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after acquiring an additional 682,812 shares in the last quarter. Correct Capital Wealth Management boosted its stake in PGIM Ultra Short Bond ETF by 16.2% in the 2nd quarter. Correct Capital Wealth Management now owns 303,130 shares of the company’s stock worth $15,084,000 after purchasing an additional 42,360 shares during the period. J.W. Cole Advisors Inc. boosted its stake in PGIM Ultra Short Bond ETF by 26.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 197,513 shares of the company’s stock worth $9,828,000 after purchasing an additional 41,808 shares during the period. Armor Investment Advisors LLC increased its holdings in PGIM Ultra Short Bond ETF by 9.1% during the 2nd quarter. Armor Investment Advisors LLC now owns 49,460 shares of the company’s stock worth $2,461,000 after purchasing an additional 4,112 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in shares of PGIM Ultra Short Bond ETF by 12.8% in the 2nd quarter. Financial Advocates Investment Management now owns 29,581 shares of the company’s stock valued at $1,472,000 after purchasing an additional 3,360 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.62 on Tuesday. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of -23.86 and a beta of 0.01. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $49.71. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year 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.