PGIM Ultra Short Bond ETF $PULS Shares Purchased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. grew its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 99.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,999 shares of the company’s stock after purchasing an additional 14,924 shares during the period. Summit Financial Strategies Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $1,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of PGIM Ultra Short Bond ETF during the first quarter valued at approximately $25,000. Flagship Wealth Advisors LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the first quarter worth approximately $25,000. TOP Private Wealth LLC. acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth approximately $48,000. NBH Bank acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth approximately $53,000. Finally, Parkside Financial Bank & Trust bought a new position in PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $80,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.55 on Thursday. The stock’s 50 day moving average price is $49.59 and its 200 day moving average price is $49.61. The stock has a market cap of $19.66 billion, a P/E ratio of -23.82 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12 month low of $49.45 and a 12 month high of $49.83.

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.