PGIM Ultra Short Bond ETF $PULS Stock Position Cut by Client First Investment Management LLC

Client First Investment Management LLC cut its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,204 shares of the company’s stock after selling 15,676 shares during the quarter. PGIM Ultra Short Bond ETF comprises about 3.1% of Client First Investment Management LLC’s holdings, making the stock its 5th biggest holding. Client First Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $7,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in PGIM Ultra Short Bond ETF by 1,066.8% in the fourth quarter. Farther Finance Advisors LLC now owns 186,532 shares of the company’s stock worth $9,250,000 after buying an additional 170,546 shares during the period. MBM Wealth Consultants LLC boosted its position in PGIM Ultra Short Bond ETF by 14.9% during the 4th quarter. MBM Wealth Consultants LLC now owns 478,313 shares of the company’s stock valued at $23,720,000 after acquiring an additional 61,979 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 4th quarter worth approximately $602,000. Western Wealth Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 113.5% during the 4th quarter. Western Wealth Management LLC now owns 40,031 shares of the company’s stock worth $1,985,000 after acquiring an additional 21,279 shares during the period. Finally, Caliber Wealth Management LLC KS raised its position in shares of PGIM Ultra Short Bond ETF by 24.8% in the 4th quarter. Caliber Wealth Management LLC KS now owns 234,059 shares of the company’s stock worth $11,607,000 after acquiring an additional 46,533 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.59 on Friday. The firm has a market capitalization of $17.38 billion, a P/E ratio of -23.84 and a beta of 0.02. The stock has a 50 day moving average price of $49.62 and a 200-day moving average price of $49.64. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week 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.