Belpointe Asset Management LLC Raises Holdings in PGIM Ultra Short Bond ETF $PULS

Belpointe Asset Management LLC grew its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,479 shares of the company’s stock after buying an additional 29,209 shares during the quarter. Belpointe Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $9,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PULS. Golden State Wealth Management LLC lifted its holdings in PGIM Ultra Short Bond ETF by 437.7% in the first quarter. Golden State Wealth Management LLC now owns 7,679 shares of the company’s stock valued at $382,000 after acquiring an additional 6,251 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 15.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 132,923 shares of the company’s stock worth $6,610,000 after purchasing an additional 17,715 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 29.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 745,222 shares of the company’s stock valued at $37,060,000 after purchasing an additional 169,348 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 52.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 271,150 shares of the company’s stock valued at $13,484,000 after purchasing an additional 93,244 shares during the period. Finally, KWB Wealth boosted its holdings in PGIM Ultra Short Bond ETF by 40.9% during the second quarter. KWB Wealth now owns 7,348 shares of the company’s stock worth $365,000 after buying an additional 2,134 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.67 on Monday. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The firm has a market capitalization of $12.63 billion, a P/E ratio of -23.88 and a beta of 0.04. The firm’s 50-day moving average is $49.73 and its two-hundred day moving average is $49.65.

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.