Stonebridge Financial Group LLC Grows Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Stonebridge Financial Group LLC lifted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 11.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,189 shares of the company’s stock after buying an additional 23,700 shares during the period. PGIM Ultra Short Bond ETF makes up about 1.0% of Stonebridge Financial Group LLC’s portfolio, making the stock its 28th largest position. Stonebridge Financial Group LLC owned approximately 0.09% of PGIM Ultra Short Bond ETF worth $11,670,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PULS. JPMorgan Chase & Co. increased its position in 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 buying an additional 897,077 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after purchasing an additional 2,999,297 shares during the last quarter. Bank of America Corp DE grew its position in PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the period. Temasek Holdings Private Ltd purchased a new stake in shares of PGIM Ultra Short Bond ETF in the first quarter worth about $250,500,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after buying an additional 49,798 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.4%

Shares of PULS stock opened at $49.58 on Wednesday. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The stock has a market cap of $13.29 billion, a P/E ratio of -23.84 and a beta of 0.01. The stock has a 50 day moving average of $49.72 and a 200 day moving average of $49.72.

PGIM Ultra Short Bond ETF Company 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.