Macco Financial Group Inc. Invests $1.24 Million in PGIM Ultra Short Bond ETF $PULS

Macco Financial Group Inc. acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,123 shares of the company’s stock, valued at approximately $1,244,000. PGIM Ultra Short Bond ETF comprises 0.9% of Macco Financial Group Inc.’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC lifted its position in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after purchasing an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $32,000 after buying an additional 513 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 4th quarter valued at $32,000. Finally, Blue Trust Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 100,000.0% during the 4th quarter. Blue Trust Inc. now owns 1,001 shares of the company’s stock worth $50,000 after acquiring an additional 1,000 shares during the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.70 on Monday. The firm has a market capitalization of $17.39 billion, a PE 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. The firm has a fifty day moving average of $49.64 and a 200 day moving average of $49.66.

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.