PGIM Ultra Short Bond ETF $PULS Position Raised by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1,271.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,747 shares of the company’s stock after purchasing an additional 127,705 shares during the quarter. Sowell Financial Services LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BOS Asset Management LLC boosted its stake in PGIM Ultra Short Bond ETF by 28.0% during the 3rd quarter. BOS Asset Management LLC now owns 476,689 shares of the company’s stock valued at $23,577,000 after purchasing an additional 104,288 shares during the last quarter. Macco Financial Group Inc. bought a new stake in shares of PGIM Ultra Short Bond ETF in the 1st quarter worth $1,244,000. Valmark Advisers Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 47.7% in the 1st quarter. Valmark Advisers Inc. now owns 69,201 shares of the company’s stock worth $3,425,000 after purchasing an additional 22,350 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 111.7% in the second quarter. Integrated Wealth Concepts LLC now owns 95,645 shares of the company’s stock worth $4,739,000 after purchasing an additional 50,456 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of PGIM Ultra Short Bond ETF by 658.6% in the first quarter. World Investment Advisors now owns 43,527 shares of the company’s stock worth $2,155,000 after purchasing an additional 37,789 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.57 on Wednesday. The company has a market cap of $19.72 billion, a P/E ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83. The stock’s fifty day moving average price is $49.58 and its 200-day moving average price is $49.61.

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.