Brookstone Capital Management Buys 7,351 Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Brookstone Capital Management increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,796 shares of the company’s stock after purchasing an additional 7,351 shares during the quarter. Brookstone Capital Management’s holdings in PGIM Ultra Short Bond ETF were worth $3,521,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BankPlus Wealth Management LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 5.7% in the first quarter. BankPlus Wealth Management LLC now owns 4,311 shares of the company’s stock valued at $214,000 after buying an additional 232 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in PGIM Ultra Short Bond ETF by 6.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,720 shares of the company’s stock valued at $285,000 after acquiring an additional 360 shares during the period. Steward Partners Investment Advisory LLC raised its stake in PGIM Ultra Short Bond ETF by 3.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,844 shares of the company’s stock valued at $636,000 after acquiring an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in PGIM Ultra Short Bond ETF by 41.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,794 shares of the company’s stock valued at $89,000 after acquiring an additional 529 shares during the period. Finally, Retirement Planning Group LLC raised its stake in PGIM Ultra Short Bond ETF by 1.3% in the 1st quarter. Retirement Planning Group LLC now owns 42,448 shares of the company’s stock valued at $2,111,000 after acquiring an additional 536 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.60 on Friday. The stock’s 50-day simple moving average is $49.63 and its 200 day simple moving average is $49.62. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.81. The stock has a market capitalization of $11.68 billion, a P/E ratio of -23.85 and a beta of 0.04.

PGIM Ultra Short Bond ETF 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.