Gateway Wealth Partners LLC Buys 104,954 Shares of PGIM Ultra Short Bond ETF $PULS

Gateway Wealth Partners LLC increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 187.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,066 shares of the company’s stock after purchasing an additional 104,954 shares during the period. Gateway Wealth Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $7,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PULS. Cetera Investment Advisers raised its stake in shares of PGIM Ultra Short Bond ETF by 56.7% in the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the period. Bank of America Corp DE boosted its position in shares of PGIM Ultra Short Bond ETF by 17.8% during the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after buying an additional 1,647,341 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PGIM Ultra Short Bond ETF by 4.3% during the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after buying an additional 1,631,142 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 1,051.8% during the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after buying an additional 942,934 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after buying an additional 918,258 shares in the last quarter. 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 $49.66 on Monday. The business’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $49.65. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The firm has a market cap of $17.40 billion, a PE ratio of -23.87 and a beta of 0.02.

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.