PGIM Ultra Short Bond ETF $PULS Stock: Kestra Advisory Services LLC Increases Position

Kestra Advisory Services LLC raised its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 337,362 shares of the company’s stock after acquiring an additional 52,325 shares during the period. Kestra Advisory Services LLC owned approximately 0.08% of PGIM Ultra Short Bond ETF worth $16,686,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PULS. PNC Financial Services Group Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after acquiring an additional 918,258 shares during the period. Cetera Investment Advisers raised its holdings in PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after purchasing an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC raised its holdings in PGIM Ultra Short Bond ETF by 103.2% during the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after purchasing an additional 1,638,630 shares in the last quarter. Royal Bank of Canada lifted its position in PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock valued at $120,844,000 after purchasing an additional 59,415 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at about $107,873,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.50 on Monday. PGIM Ultra Short Bond ETF has a 52 week low of $49.45 and a 52 week high of $49.82. The company has a 50-day moving average price of $49.56 and a 200 day moving average price of $49.62. The company has a market cap of $19.65 billion, a P/E ratio of -23.80 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.