Western Wealth Management LLC Purchases 37,969 Shares of PGIM Ultra Short Bond ETF $PULS

Western Wealth Management LLC boosted its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 94.8% in the first quarter, HoldingsChannel reports. The fund owned 78,000 shares of the company’s stock after purchasing an additional 37,969 shares during the quarter. Western Wealth Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,861,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in PGIM Ultra Short Bond ETF in the first quarter worth $25,000. Sound Income Strategies LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 394.6% in 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, Kingdom Financial Group LLC. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 4th quarter worth $32,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.54 on Friday. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The stock’s fifty day moving average price is $49.63 and its 200 day moving average price is $49.65. The company has a market cap of $17.36 billion, a price-to-earnings ratio of -23.82 and a beta of 0.02.

PGIM Ultra Short Bond ETF Company 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.