Focused Alpha LLC Purchases 50,608 Shares of PGIM Ultra Short Bond ETF $PULS

Focused Alpha LLC increased its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,570 shares of the company’s stock after purchasing an additional 50,608 shares during the period. PGIM Ultra Short Bond ETF accounts for 2.7% of Focused Alpha LLC’s investment portfolio, making the stock its 7th biggest position. Focused Alpha LLC’s holdings in PGIM Ultra Short Bond ETF were worth $10,810,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PULS. Tenet Wealth Partners LLC raised its stake in PGIM Ultra Short Bond ETF by 71.7% during the third quarter. Tenet Wealth Partners LLC now owns 7,912 shares of the company’s stock worth $391,000 after purchasing an additional 3,304 shares during the period. Prairie Advisory LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 124.8% during the 3rd quarter. Prairie Advisory LLC now owns 717,018 shares of the company’s stock valued at $35,464,000 after buying an additional 398,072 shares during the period. LexAurum Advisors LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 7.4% during the 3rd quarter. LexAurum Advisors LLC now owns 21,662 shares of the company’s stock valued at $1,071,000 after buying an additional 1,489 shares during the period. Cottage Street Advisors LLC increased its holdings in shares of PGIM Ultra Short Bond ETF by 107.8% during the 3rd quarter. Cottage Street Advisors LLC now owns 13,587 shares of the company’s stock worth $672,000 after buying an additional 7,048 shares during the last quarter. Finally, Clark Wealth Partners increased its holdings in shares of PGIM Ultra Short Bond ETF by 65.2% during the 3rd quarter. Clark Wealth Partners now owns 376,065 shares of the company’s stock worth $18,664,000 after buying an additional 148,402 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.57 on Tuesday. The business’s fifty day moving average price is $49.58 and its 200 day moving average price is $49.61. PGIM Ultra Short Bond ETF has a twelve month low of $49.45 and a twelve month high of $49.83. The stock has a market capitalization of $19.72 billion, a P/E ratio of -23.83 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.