Financial Management Professionals Inc. Cuts Stake in PGIM Ultra Short Bond ETF $PULS

Financial Management Professionals Inc. decreased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 99.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,275 shares of the company’s stock after selling 358,825 shares during the period. Financial Management Professionals Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $113,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PULS. Spire Wealth Management purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at about $31,000. Legacy Wealth Managment LLC ID acquired a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 50.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,705 shares of the company’s stock valued at $135,000 after purchasing an additional 911 shares during the period. Vestor Capital LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth $184,000. Finally, OLD Mission Capital LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the first quarter valued at $201,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

PULS opened at $49.77 on Friday. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of -23.93 and a beta of 0.01. The company has a fifty day simple moving average of $49.73 and a 200 day simple moving average of $49.71.

PGIM Ultra Short Bond ETF 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.