Private Trust Co. NA Lowers Stock Position in PGIM Ultra Short Bond ETF $PULS

Private Trust Co. NA cut its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,120 shares of the company’s stock after selling 10,760 shares during the quarter. Private Trust Co. NA’s holdings in PGIM Ultra Short Bond ETF were worth $1,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd bought a new position in shares of PGIM Ultra Short Bond ETF in the first quarter worth approximately $250,500,000. Prudential Financial Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 13.7% during the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after buying an additional 2,999,297 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 worth $543,576,000 after buying an additional 1,647,341 shares during the period. Horizon Wealth Management LLC purchased a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter worth $62,497,000. Finally, JPMorgan Chase & Co. increased its stake in PGIM Ultra Short Bond ETF by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock worth $1,677,610,000 after buying an additional 897,077 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA:PULS opened at $49.77 on Friday. The business’s 50-day simple moving average is $49.73 and its two-hundred day simple moving average is $49.71. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84. The stock has a market cap of $13.29 billion, a PE ratio of -23.93 and a beta of 0.01.

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.