Riverstone Advisors LLC Invests $589,000 in PGIM Ultra Short Bond ETF $PULS

Riverstone Advisors LLC bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,902 shares of the company’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spinnaker Investment Group LLC raised its stake in PGIM Ultra Short Bond ETF by 3.6% during the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after purchasing an additional 202 shares in the last quarter. JT Stratford LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 2.3% in the 3rd quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock worth $501,000 after buying an additional 222 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after buying an additional 361 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after buying an additional 361 shares during the last quarter. Finally, Friedenthal Financial increased its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% in the 1st quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock worth $943,000 after buying an additional 377 shares during the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA PULS opened at $49.70 on Friday. The firm’s 50-day moving average price is $49.64 and its 200-day moving average price is $49.66. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of -23.89 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.