PGIM Ultra Short Bond ETF $PULS Stock: Sowell Financial Services LLC Boosts Holdings

Sowell Financial Services LLC grew its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1,271.7% during the third quarter, HoldingsChannel reports. The firm owned 137,747 shares of the company’s stock after buying an additional 127,705 shares during the quarter. Sowell Financial Services LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Anchor Investment Management LLC increased its position in PGIM Ultra Short Bond ETF by 49.6% during the 2nd quarter. Anchor Investment Management LLC now owns 751 shares of the company’s stock worth $37,000 after purchasing an additional 249 shares in the last quarter. PVG Asset Management Corp lifted its stake in PGIM Ultra Short Bond ETF by 5.7% in the 2nd quarter. PVG Asset Management Corp now owns 5,573 shares of the company’s stock valued at $276,000 after purchasing an additional 302 shares during the last quarter. KPP Advisory Services LLC boosted its position in PGIM Ultra Short Bond ETF by 10.3% in the first quarter. KPP Advisory Services LLC now owns 5,350 shares of the company’s stock valued at $265,000 after buying an additional 500 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in PGIM Ultra Short Bond ETF by 8.2% in the second quarter. Legacy Wealth Managment LLC ID now owns 6,726 shares of the company’s stock valued at $333,000 after buying an additional 508 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.63 on Friday. The firm’s fifty day moving average price is $49.58 and its two-hundred day moving average price is $49.63. The stock has a market cap of $19.80 billion, a PE ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.45 and a fifty-two week high of $49.83.

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.