Freedom Investment Management Inc. Purchases Shares of 10,497 PGIM Ultra Short Bond ETF $PULS

Freedom Investment Management Inc. purchased a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the second quarter, HoldingsChannel reports. The fund purchased 10,497 shares of the company’s stock, valued at approximately $522,000.

A number of other hedge funds have also recently bought and sold shares of PULS. Larson Financial Group LLC boosted its holdings in PGIM Ultra Short Bond ETF by 1,663.9% in the 1st quarter. Larson Financial Group LLC now owns 1,076 shares of the company’s stock valued at $54,000 after purchasing an additional 1,015 shares during the period. Transce3nd LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth about $57,000. US Bancorp DE bought a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth about $60,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 50.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,705 shares of the company’s stock worth $135,000 after acquiring an additional 911 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 97.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 3,650 shares of the company’s stock worth $182,000 after acquiring an additional 1,800 shares during the period. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.79 on Friday. The company has a 50-day moving average of $49.74 and a 200-day moving average of $49.67. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of -23.94 and a beta of 0.04. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84.

PGIM Ultra Short Bond ETF 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.