PGIM Ultra Short Bond ETF $PULS Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,124 shares of the company’s stock after selling 28,906 shares during the quarter. IFP Advisors Inc’s holdings in PGIM Ultra Short Bond ETF were worth $7,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Focus Partners Wealth boosted its holdings in PGIM Ultra Short Bond ETF by 318.3% during the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after buying an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in PGIM Ultra Short Bond ETF during the second quarter worth about $330,000. Cerity Partners LLC purchased a new position in PGIM Ultra Short Bond ETF in the second quarter valued at about $273,000. Betterment LLC increased its holdings in PGIM Ultra Short Bond ETF by 5.2% in the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock valued at $1,628,000 after buying an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in PGIM Ultra Short Bond ETF by 6.1% in the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after buying an additional 3,157 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.57 on Thursday. The business’s 50 day simple moving average is $49.61 and its 200-day simple moving average is $49.63. The firm has a market capitalization of $18.79 billion, a price-to-earnings ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84.

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.