HighTower Advisors LLC Grows Stock Position in PGIM Ultra Short Bond ETF $PULS

HighTower Advisors LLC increased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,582 shares of the company’s stock after buying an additional 30,535 shares during the quarter. HighTower Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $13,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after acquiring an additional 4,065,547 shares during the last quarter. Bank of America Corp DE increased its stake in PGIM Ultra Short Bond ETF by 2.0% during the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after acquiring an additional 215,246 shares during the last quarter. Raymond James Financial Inc. increased its stake in PGIM Ultra Short Bond ETF by 5.7% during the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after acquiring an additional 236,042 shares during the last quarter. UBS Group AG increased its stake in PGIM Ultra Short Bond ETF by 16.9% during the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after acquiring an additional 591,642 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in PGIM Ultra Short Bond ETF by 11.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after acquiring an additional 396,495 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.70 on Monday. The business has a fifty day moving average of $49.62 and a two-hundred day moving average of $49.67. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of -23.89 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week 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.