PGIM Ultra Short Bond ETF $PULS Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC grew its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 230.9% during the third quarter, HoldingsChannel.com reports. The fund owned 123,018 shares of the company’s stock after purchasing an additional 85,837 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 1.0% of Interchange Capital Partners LLC’s portfolio, making the stock its 19th biggest holding. Interchange Capital Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 918,258 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after purchasing an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 103.2% in 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 during the period. Royal Bank of Canada boosted its position in shares of PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after buying an additional 59,415 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 56.8% in the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after buying an additional 742,333 shares during the period. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.63 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83. The firm has a market cap of $19.80 billion, a P/E ratio of -23.86 and a beta of 0.02. The stock has a 50-day simple moving average of $49.58 and a 200-day simple moving average of $49.63.

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.