PNC Financial Services Group Inc. Grows Position in PGIM Ultra Short Bond ETF $PULS

PNC Financial Services Group Inc. grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,021,393 shares of the company’s stock after buying an additional 221,413 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $199,421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PULS. JPMorgan Chase & Co. boosted its stake in shares of PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after purchasing an additional 4,065,547 shares during the period. Bank of America Corp DE boosted its stake in shares of PGIM Ultra Short Bond ETF by 17.8% during the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after purchasing an additional 1,647,341 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 1,051.8% during the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after purchasing an additional 942,934 shares during the period. Blue Water Asset Management purchased a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at approximately $40,936,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of PGIM Ultra Short Bond ETF by 39.8% during the third quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock valued at $107,762,000 after purchasing an additional 615,683 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.67 on Thursday. The firm has a market cap of $14.57 billion, a PE ratio of -23.88 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The business has a 50 day moving average price of $49.62 and a 200-day moving average price of $49.67.

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.