PGIM Ultra Short Bond ETF $PULS Stock Position Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC cut its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 87.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,767 shares of the company’s stock after selling 56,368 shares during the quarter. Park Avenue Securities LLC’s holdings in PGIM Ultra Short Bond ETF were worth $384,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in 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 buying an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC grew its position in PGIM Ultra Short Bond ETF by 103.2% during the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after acquiring an additional 1,638,630 shares during the last quarter. Financial Management Professionals Inc. bought a new position in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $50,482,000. PNC Financial Services Group Inc. raised its stake 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 worth $244,513,000 after acquiring an additional 918,258 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 56.8% during the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after acquiring an additional 742,333 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock remained flat at $49.50 during trading hours on Friday. 3,164,546 shares of the company’s stock traded hands, compared to its average volume of 2,932,376. The stock has a market capitalization of $19.65 billion, a P/E ratio of -23.80 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52-week low of $49.45 and a 52-week high of $49.82. The stock has a 50-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.