Valeo Financial Advisors LLC Makes New $2.17 Million Investment in PGIM Ultra Short Bond ETF $PULS

Valeo Financial Advisors LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 43,450 shares of the company’s stock, valued at approximately $2,165,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new position in PGIM Ultra Short Bond ETF during the second quarter worth $31,000. Legacy Wealth Managment LLC ID bought a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth about $44,000. Pinnacle Bancorp Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 102.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $72,000. Finally, Versant Capital Management Inc bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at approximately $142,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.77 on Thursday. The firm has a market cap of $13.36 billion, a P/E ratio of -23.93 and a beta of 0.01. The business has a 50 day moving average price of $49.71 and a 200 day moving average price of $49.72. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84.

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.