Macco Financial Group Inc. Buys 12,591 Shares of PGIM Ultra Short Bond ETF $PULS

Macco Financial Group Inc. raised its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,004 shares of the company’s stock after acquiring an additional 12,591 shares during the period. PGIM Ultra Short Bond ETF makes up 2.1% of Macco Financial Group Inc.’s portfolio, making the stock its 11th biggest position. Macco Financial Group Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $3,462,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PULS. Prospect Financial Group LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 14.1% during the third quarter. Prospect Financial Group LLC now owns 14,233 shares of the company’s stock worth $704,000 after purchasing an additional 1,754 shares in the last quarter. Lido Advisors LLC increased its stake in shares of PGIM Ultra Short Bond ETF by 132.6% in the third quarter. Lido Advisors LLC now owns 82,905 shares of the company’s stock worth $4,100,000 after buying an additional 47,266 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in PGIM Ultra Short Bond ETF by 25.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 20,580 shares of the company’s stock valued at $1,018,000 after acquiring an additional 4,176 shares during the last quarter. Blue Water Asset Management grew its holdings in PGIM Ultra Short Bond ETF by 0.9% during the 3rd quarter. Blue Water Asset Management now owns 668,866 shares of the company’s stock worth $33,082,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Navigation Wealth Management Inc. increased its holdings in PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Navigation Wealth Management Inc. now owns 10,742 shares of the company’s stock valued at $532,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.51 on Wednesday. The firm has a market cap of $19.75 billion, a P/E ratio of -23.80 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.45 and a 12-month high of $49.82. The stock’s 50 day simple moving average is $49.55 and its 200 day simple moving average is $49.62.

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.