Intelligence Driven Advisers LLC Raises Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Intelligence Driven Advisers LLC boosted its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 62.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,748 shares of the company’s stock after purchasing an additional 12,941 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in PGIM Ultra Short Bond ETF were worth $1,669,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in shares of PGIM Ultra Short Bond ETF by 56.7% during the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 103.2% during the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after buying an additional 1,638,630 shares in the last quarter. PNC Financial Services Group Inc. raised its position in PGIM Ultra Short Bond ETF by 22.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after buying an additional 918,258 shares during the last quarter. NewEdge Advisors LLC raised its position in PGIM Ultra Short Bond ETF by 56.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock valued at $101,561,000 after buying an additional 742,333 shares during the last quarter. Finally, Persium Advisors LLC bought a new stake in PGIM Ultra Short Bond ETF in the 3rd quarter valued at approximately $30,569,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA:PULS traded up $0.03 during trading hours on Friday, reaching $49.52. 1,320,546 shares of the stock were exchanged, compared to its average volume of 2,857,987. The stock has a market cap of $19.52 billion, a PE ratio of -23.81 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.45 and a twelve month high of $49.83. The firm has a 50 day moving average of $49.59 and a 200 day moving average of $49.61.

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.