Symphony Financial Ltd. Co. Has $21.56 Million Position in PGIM Ultra Short Bond ETF $PULS

Symphony Financial Ltd. Co. lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 435,076 shares of the company’s stock after acquiring an additional 23,123 shares during the period. PGIM Ultra Short Bond ETF makes up about 2.5% of Symphony Financial Ltd. Co.’s holdings, making the stock its 6th largest holding. Symphony Financial Ltd. Co.’s holdings in PGIM Ultra Short Bond ETF were worth $21,556,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers grew its holdings in PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after buying an additional 1,647,341 shares during the last quarter. Kensington Asset Management LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 103.2% in the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after buying an additional 1,638,630 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after buying an additional 1,631,142 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 1,051.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after buying an additional 942,934 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.53 on Wednesday. The stock has a market capitalization of $17.36 billion, a price-to-earnings ratio of -23.81 and a beta of 0.02. The company has a 50-day moving average of $49.62 and a two-hundred day moving average of $49.63. 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 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.