PNC Financial Services Group Inc. Boosts Stake in PGIM Ultra Short Bond ETF $PULS

PNC Financial Services Group Inc. boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 22.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,939,651 shares of the company’s stock after purchasing an additional 918,258 shares during the period. PNC Financial Services Group Inc. owned about 1.68% of PGIM Ultra Short Bond ETF worth $244,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth boosted its position in shares of 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 during the period. Flow Traders U.S. LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $330,000. Cerity Partners LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $273,000. Betterment LLC lifted its stake in PGIM Ultra Short Bond ETF by 5.2% during the 2nd quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after acquiring an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in PGIM Ultra Short Bond ETF by 6.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after acquiring an additional 3,157 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.65 on Wednesday. The business has a 50-day moving average of $49.63 and a 200 day moving average of $49.65. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02.

PGIM Ultra Short Bond ETF Company 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.