Wealthfront Advisers LLC reduced its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 36.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 68,543 shares of the company’s stock after selling 38,790 shares during the quarter. Wealthfront Advisers LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,393,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of PULS. JPMorgan Chase & Co. increased its position in PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Morgan Stanley lifted its position in PGIM Ultra Short Bond ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock valued at $820,801,000 after purchasing an additional 203,799 shares during the last quarter. LPL Financial LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after buying an additional 869,510 shares in the last quarter. Bank of America Corp DE grew its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after buying an additional 215,246 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of PGIM Ultra Short Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock worth $385,530,000 after buying an additional 356,553 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.
PGIM Ultra Short Bond ETF Price Performance
PGIM Ultra Short Bond ETF stock opened at $49.64 on Monday. The company’s 50-day moving average price is $49.63 and its 200-day moving average price is $49.64. The company has a market cap of $17.39 billion, a PE ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84.
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. PULS was launched on Apr 5, 2018 and is managed by PGIM.
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