Cravens & Co Advisors LLC Sells 75,099 Shares of PGIM Ultra Short Bond ETF $PULS

Cravens & Co Advisors LLC cut its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 49.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,598 shares of the company’s stock after selling 75,099 shares during the quarter. PGIM Ultra Short Bond ETF comprises 2.5% of Cravens & Co Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Cravens & Co Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,756,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PULS. Sound Income Strategies LLC raised its stake in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after buying an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in PGIM Ultra Short Bond ETF during the third quarter valued at $30,000. Rossby Financial LCC purchased a new position in PGIM Ultra Short Bond ETF during the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in PGIM Ultra Short Bond ETF by 394.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after buying an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. purchased a new position in PGIM Ultra Short Bond ETF during the fourth quarter valued at $32,000. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PULS opened at $49.57 on Wednesday. The stock has a fifty day simple moving average of $49.63 and a two-hundred day simple moving average of $49.67. The stock has a market capitalization of $14.54 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.

About PGIM Ultra Short Bond ETF

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.