Blue Water Asset Management Makes New $40.94 Million Investment in PGIM Ultra Short Bond ETF $PULS

Blue Water Asset Management acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 825,480 shares of the company’s stock, valued at approximately $40,936,000. PGIM Ultra Short Bond ETF accounts for about 14.7% of Blue Water Asset Management’s portfolio, making the stock its largest position.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after acquiring an additional 525 shares during the period. Turim 21 Investimentos Ltda. bought a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter valued at $30,000. Rossby Financial LCC bought a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after buying an additional 513 shares during the period. Finally, Assetmark Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after buying an additional 594 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.63 on Friday. The firm has a market cap of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. The stock’s fifty day moving average price is $49.62 and its two-hundred day moving average price is $49.68. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year 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.