PGIM Ultra Short Bond ETF $PULS Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 82.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,280 shares of the company’s stock after selling 148,528 shares during the quarter. D.A. Davidson & CO.’s holdings in PGIM Ultra Short Bond ETF were worth $1,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC grew its position in PGIM Ultra Short Bond ETF by 437.7% during the 1st quarter. Golden State Wealth Management LLC now owns 7,679 shares of the company’s stock worth $382,000 after purchasing an additional 6,251 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of PGIM Ultra Short Bond ETF by 29.4% in the first quarter. Envestnet Asset Management Inc. now owns 745,222 shares of the company’s stock worth $37,060,000 after buying an additional 169,348 shares during the last quarter. KWB Wealth lifted its stake in shares of PGIM Ultra Short Bond ETF by 40.9% during the second quarter. KWB Wealth now owns 7,348 shares of the company’s stock worth $365,000 after buying an additional 2,134 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of PGIM Ultra Short Bond ETF by 15.8% during the first quarter. JPMorgan Chase & Co. now owns 32,816,956 shares of the company’s stock worth $1,631,987,000 after buying an additional 4,479,846 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 9.3% during the second quarter. Janney Montgomery Scott LLC now owns 145,276 shares of the company’s stock valued at $7,229,000 after buying an additional 12,353 shares during the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.79 on Monday. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of -23.94 and a beta of 0.04. The business has a fifty day moving average of $49.74 and a 200 day moving average of $49.67. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84.

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.