PGIM Ultra Short Bond ETF $PULS Stake Lowered by Aviance Capital Partners LLC

Aviance Capital Partners LLC reduced its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 35.0% during the 4th quarter, HoldingsChannel reports. The fund owned 27,826 shares of the company’s stock after selling 14,997 shares during the period. Aviance Capital Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $1,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after purchasing an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth about $30,000. Rossby Financial LCC purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after purchasing an additional 513 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 667.4% during the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after purchasing an additional 594 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.65 on Tuesday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The business has a 50-day moving average of $49.62 and a 200-day moving average of $49.67. The company has a market capitalization of $14.57 billion, a PE ratio of -23.87 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.