Valmark Advisers Inc. Acquires New Holdings in PGIM Ultra Short Bond ETF $PULS

Valmark Advisers Inc. bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 48,015 shares of the company’s stock, valued at approximately $2,389,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in PGIM Ultra Short Bond ETF by 1,663.9% in the 1st quarter. Larson Financial Group LLC now owns 1,076 shares of the company’s stock valued at $54,000 after purchasing an additional 1,015 shares in the last quarter. Transce3nd LLC purchased a new position in PGIM Ultra Short Bond ETF in the 1st quarter valued at about $57,000. US Bancorp DE purchased a new position in PGIM Ultra Short Bond ETF in the 1st quarter valued at about $60,000. GPS Wealth Strategies Group LLC lifted its holdings in PGIM Ultra Short Bond ETF by 226.3% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 2,689 shares of the company’s stock valued at $134,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 50.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,705 shares of the company’s stock valued at $135,000 after purchasing an additional 911 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.69 on Thursday. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of -23.89 and a beta of 0.04. The company’s 50-day moving average is $49.72 and its two-hundred day moving average is $49.65. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 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.