Commonwealth Equity Services LLC Buys 2,181,019 Shares of PGIM Ultra Short Bond ETF $PULS

Commonwealth Equity Services LLC purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,181,019 shares of the company’s stock, valued at approximately $107,873,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after acquiring an additional 918,258 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of PGIM Ultra Short Bond ETF by 56.7% in the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after acquiring an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 103.2% in the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after acquiring an additional 1,638,630 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of PGIM Ultra Short Bond ETF by 2.5% in the 1st quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after acquiring an additional 59,415 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 56.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after purchasing an additional 742,333 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock remained flat at $49.50 during trading on Friday. 3,164,546 shares of the company traded hands, compared to its average volume of 2,932,376. The stock has a market cap of $19.65 billion, a PE ratio of -23.80 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.45 and a 12-month high of $49.82. The company has a fifty day simple moving average of $49.56 and a 200 day simple moving average of $49.62.

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.