PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Shares Cross Below Fifty Day Moving Average – What’s Next?

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $49.58 and traded as low as $49.46. PGIM Ultra Short Bond ETF shares last traded at $49.48, with a volume of 3,744,182 shares.

PGIM Ultra Short Bond ETF Stock Down 0.3%

The stock has a fifty day moving average of $49.58 and a 200-day moving average of $49.63. The firm has a market capitalization of $19.74 billion, a P/E ratio of -23.79 and a beta of 0.02.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Several hedge funds have recently added to or reduced their stakes in PULS. Provenance Wealth Advisors LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at about $451,000. Aviance Capital Partners LLC raised its stake in PGIM Ultra Short Bond ETF by 1.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 45,531 shares of the company’s stock worth $2,252,000 after buying an additional 662 shares during the period. Intrua Financial LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth about $295,000. Americana Partners LLC lifted its stake in PGIM Ultra Short Bond ETF by 12.7% in the third quarter. Americana Partners LLC now owns 166,459 shares of the company’s stock valued at $8,233,000 after buying an additional 18,772 shares in the last quarter. Finally, Petros Family Wealth LLC boosted its stake in PGIM Ultra Short Bond ETF by 14.2% in the 3rd quarter. Petros Family Wealth LLC now owns 31,817 shares of the company’s stock worth $1,574,000 after purchasing an additional 3,964 shares during the period. Institutional investors own 72.71% of the company’s stock.

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.