Fortis Capital Management LLC Invests $11.51 Million in PGIM Ultra Short Bond ETF $PULS

Fortis Capital Management LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 232,550 shares of the company’s stock, valued at approximately $11,511,000. PGIM Ultra Short Bond ETF comprises approximately 1.2% of Fortis Capital Management LLC’s holdings, making the stock its 14th biggest position. Fortis Capital Management LLC owned approximately 0.08% of PGIM Ultra Short Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PULS. Anchor Investment Management LLC acquired a new position in PGIM Ultra Short Bond ETF in the first quarter worth approximately $25,000. Sound Income Strategies LLC lifted its stake in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $32,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

PULS stock opened at $49.65 on Wednesday. The firm has a 50 day moving average of $49.63 and a two-hundred day moving average of $49.65. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The company has a market capitalization of $17.40 billion, a price-to-earnings 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.