Freedom Investment Management Inc. Invests $522,000 in PGIM Ultra Short Bond ETF $PULS

Freedom Investment Management Inc. purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,497 shares of the company’s stock, valued at approximately $522,000.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of PGIM Ultra Short Bond ETF by 1,663.9% during the 1st quarter. Larson Financial Group LLC now owns 1,076 shares of the company’s stock worth $54,000 after purchasing an additional 1,015 shares during the last quarter. Transce3nd LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth $57,000. US Bancorp DE acquired a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter worth $60,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 50.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,705 shares of the company’s stock worth $135,000 after purchasing an additional 911 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 97.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 3,650 shares of the company’s stock worth $182,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA:PULS opened at $49.79 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm’s fifty day simple moving average is $49.74 and its 200 day simple moving average is $49.67. The firm has a market capitalization of $12.66 billion, a PE ratio of -23.94 and a beta of 0.04.

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.