PGIM Ultra Short Bond ETF $PULS Stock Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. reduced its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 47.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,638 shares of the company’s stock after selling 84,945 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 1.8% of Fortitude Advisory Group L.L.C.’s investment portfolio, making the stock its 9th biggest holding. Fortitude Advisory Group L.L.C.’s holdings in PGIM Ultra Short Bond ETF were worth $4,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Howard Financial Services LTD. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth approximately $901,000. Summit Financial Strategies Inc. grew its position in PGIM Ultra Short Bond ETF by 99.0% in the 3rd quarter. Summit Financial Strategies Inc. now owns 29,999 shares of the company’s stock valued at $1,484,000 after buying an additional 14,924 shares during the last quarter. Financial Planning Navigators CORP purchased a new position in PGIM Ultra Short Bond ETF in the 3rd quarter valued at $2,592,000. Tempus Wealth Planning LLC grew its position in PGIM Ultra Short Bond ETF by 4.8% in the 3rd quarter. Tempus Wealth Planning LLC now owns 17,453 shares of the company’s stock valued at $863,000 after buying an additional 800 shares during the last quarter. Finally, Shore Point Advisors LLC increased its stake in PGIM Ultra Short Bond ETF by 4.2% in the 3rd quarter. Shore Point Advisors LLC now owns 252,696 shares of the company’s stock valued at $12,364,000 after buying an additional 10,271 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.55 on Friday. The stock has a market capitalization of $19.66 billion, a P/E ratio of -23.82 and a beta of 0.02. The company’s fifty day moving average is $49.59 and its two-hundred day moving average is $49.61. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83.

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.