Peak Planning Group LLC Invests $23.28 Million in PGIM Ultra Short Bond ETF $PULS

Peak Planning Group LLC purchased a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 469,386 shares of the company’s stock, valued at approximately $23,277,000. PGIM Ultra Short Bond ETF comprises approximately 6.5% of Peak Planning Group LLC’s portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in PGIM Ultra Short Bond ETF by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock valued at $385,530,000 after acquiring an additional 356,553 shares during the last quarter. Summit Financial LLC lifted its position in PGIM Ultra Short Bond ETF by 4.2% in the fourth quarter. Summit Financial LLC now owns 49,966 shares of the company’s stock valued at $2,489,000 after acquiring an additional 2,022 shares during the last quarter. Advisors Asset Management Inc. lifted its position in PGIM Ultra Short Bond ETF by 110.9% in the fourth quarter. Advisors Asset Management Inc. now owns 6,439 shares of the company’s stock valued at $319,000 after acquiring an additional 3,386 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new stake in PGIM Ultra Short Bond ETF in the fourth quarter valued at $864,000. Finally, Sand Hill Global Advisors LLC lifted its position in PGIM Ultra Short Bond ETF by 4.5% in the fourth quarter. Sand Hill Global Advisors LLC now owns 298,865 shares of the company’s stock valued at $14,821,000 after acquiring an additional 12,797 shares during the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.64 on Friday. The stock has a market cap of $16.45 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. The firm has a fifty day moving average price of $49.62 and a 200 day moving average price of $49.66.

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.