Cetera Investment Advisers Acquires 1,715,376 Shares of PGIM Ultra Short Bond ETF $PULS

Cetera Investment Advisers lifted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 56.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,739,085 shares of the company’s stock after acquiring an additional 1,715,376 shares during the period. Cetera Investment Advisers owned approximately 1.62% of PGIM Ultra Short Bond ETF worth $234,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Seed Wealth Management Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 297.1% during the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock valued at $4,965,000 after buying an additional 74,905 shares during the period. Farther Finance Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 1,066.8% in the fourth quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock valued at $9,250,000 after acquiring an additional 170,546 shares during the period. Embree Financial Group boosted its position in shares of PGIM Ultra Short Bond ETF by 85.1% in the fourth quarter. Embree Financial Group now owns 442,084 shares of the company’s stock valued at $21,923,000 after acquiring an additional 203,209 shares during the period. DAVENPORT & Co LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 152.5% in the fourth quarter. DAVENPORT & Co LLC now owns 170,856 shares of the company’s stock valued at $8,473,000 after acquiring an additional 103,190 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in PGIM Ultra Short Bond ETF during the fourth quarter valued at approximately $602,000. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock opened at $49.65 on Thursday. The firm’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $49.65. The firm has a market capitalization of $17.40 billion, a PE ratio of -23.87 and a beta of 0.02. 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.