Onyx Bridge Wealth Group LLC Raises Stake in PGIM Ultra Short Bond ETF $PULS

Onyx Bridge Wealth Group LLC increased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 318.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 219,146 shares of the company’s stock after purchasing an additional 166,816 shares during the quarter. PGIM Ultra Short Bond ETF accounts for about 1.2% of Onyx Bridge Wealth Group LLC’s investment portfolio, making the stock its 21st largest holding. Onyx Bridge Wealth Group LLC owned approximately 0.07% of PGIM Ultra Short Bond ETF worth $10,863,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Beaumont Asset Management L.L.C. lifted its position in PGIM Ultra Short Bond ETF by 1,058.6% during the first quarter. Beaumont Asset Management L.L.C. now owns 114,332 shares of the company’s stock valued at $5,659,000 after buying an additional 104,464 shares in the last quarter. Riverstone Advisors LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the first quarter worth $589,000. Fairvoy Private Wealth LLC increased its position in shares of PGIM Ultra Short Bond ETF by 7.1% in the first quarter. Fairvoy Private Wealth LLC now owns 325,323 shares of the company’s stock worth $16,104,000 after acquiring an additional 21,464 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the 1st quarter valued at $484,000. Finally, MBM Wealth Consultants LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 5.4% in the 1st quarter. MBM Wealth Consultants LLC now owns 503,937 shares of the company’s stock valued at $24,945,000 after acquiring an additional 25,624 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA:PULS opened at $49.70 on Friday. The firm’s fifty day simple moving average is $49.64 and its 200 day simple moving average is $49.66. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of -23.89 and a beta of 0.02.

About PGIM Ultra Short Bond ETF

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.