Lido Advisors LLC Raises Stake in PGIM Ultra Short Bond ETF $PULS

Lido Advisors LLC lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.9% during the first quarter, HoldingsChannel.com reports. The firm owned 107,143 shares of the company’s stock after purchasing an additional 12,272 shares during the period. Lido Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $5,304,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock valued at $208,000 after purchasing an additional 361 shares during the period. Captrust Financial Advisors grew its position in PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after buying an additional 361 shares during the period. Friedenthal Financial grew its position in PGIM Ultra Short Bond ETF by 2.0% during the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock worth $943,000 after buying an additional 377 shares during the period. Financial Engines Advisors L.L.C. increased its holdings in PGIM Ultra Short Bond ETF by 3.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after buying an additional 396 shares in the last quarter. Finally, KPP Advisory Services LLC increased its holdings in PGIM Ultra Short Bond ETF by 10.3% in the first quarter. KPP Advisory Services LLC now owns 5,350 shares of the company’s stock valued at $265,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

PULS stock opened at $49.66 on Friday. The firm has a 50 day moving average of $49.63 and a 200-day moving average of $49.65. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month high of $49.84. The company has a market cap of $17.40 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02.

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.