Summit Wealth Group LLC Co. Lowers Position in PGIM Ultra Short Bond ETF $PULS

Summit Wealth Group LLC Co. cut its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 90.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,639 shares of the company’s stock after selling 191,731 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in PGIM Ultra Short Bond ETF were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PULS. JPMorgan Chase & Co. grew its holdings in shares of PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after purchasing an additional 4,065,547 shares during the period. Bank of America Corp DE grew its holdings in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the period. Ameriprise Financial Inc. grew 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 purchasing an additional 942,934 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of PGIM Ultra Short Bond ETF by 39.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock worth $107,762,000 after purchasing an additional 615,683 shares during the period. Finally, UBS Group AG grew its holdings in shares of PGIM Ultra Short Bond ETF by 16.9% during the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after purchasing an additional 591,642 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA PULS opened at $49.63 on Wednesday. The stock has a market cap of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The stock has a fifty day simple moving average of $49.62 and a 200-day simple moving average of $49.68.

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.