Kensington Asset Management LLC Increases Stock Position in PGIM Ultra Short Bond ETF $PULS

Kensington Asset Management LLC increased its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 103.2% in the first quarter, Holdings Channel reports. The institutional investor owned 3,226,778 shares of the company’s stock after buying an additional 1,638,630 shares during the period. PGIM Ultra Short Bond ETF makes up 7.4% of Kensington Asset Management LLC’s holdings, making the stock its 3rd largest holding. Kensington Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $159,726,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PULS. Anchor Investment Management LLC acquired a new stake in PGIM Ultra Short Bond ETF during the first quarter worth approximately $25,000. Sound Income Strategies LLC raised its holdings in PGIM Ultra Short Bond ETF by 1,346.2% in the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF in the 3rd quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the period. Finally, Kingdom Financial Group LLC. bought a new stake in shares of PGIM Ultra Short Bond ETF during the 4th quarter valued at $32,000. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.54 on Friday. The firm has a market cap of $17.36 billion, a P/E ratio of -23.82 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The business’s fifty day moving average is $49.63 and its 200-day moving average is $49.65.

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. PULS was launched on Apr 5, 2018 and is managed by PGIM.