Hedeker Wealth LLC boosted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 13.7% in the second quarter, Holdings Channel.com reports. The firm owned 316,211 shares of the company’s stock after acquiring an additional 37,993 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 3.0% of Hedeker Wealth LLC’s holdings, making the stock its 12th largest position. Hedeker Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $15,668,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at approximately $25,000. Flagship Wealth Advisors LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth approximately $25,000. Turim 21 Investimentos Ltda. purchased a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth approximately $30,000. Kingdom Financial Group LLC. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 4th quarter valued at approximately $32,000. Finally, TOP Private Wealth LLC. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 72.71% of the company’s stock.
PGIM Ultra Short Bond ETF Price Performance
PGIM Ultra Short Bond ETF stock opened at $49.57 on Wednesday. The stock’s 50 day moving average price is $49.61 and its 200 day moving average price is $49.63. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The company has a market cap of $18.79 billion, a PE ratio of -23.83 and a beta of 0.02.
About PGIM Ultra Short Bond ETF
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.
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