NewEdge Wealth LLC Sells 178,968 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Wealth LLC decreased its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,500 shares of the company’s stock after selling 178,968 shares during the period. NewEdge Wealth LLC owned approximately 0.10% of PGIM Ultra Short Bond ETF worth $13,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC boosted its position in PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $30,000. Rossby Financial LCC bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA PULS opened at $49.62 on Friday. The stock’s 50 day moving average is $49.63 and its 200 day moving average is $49.68. The firm has a market capitalization of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84.

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.