Blue Water Asset Management Takes Position in PGIM Ultra Short Bond ETF $PULS

Blue Water Asset Management bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 825,480 shares of the company’s stock, valued at approximately $40,936,000. PGIM Ultra Short Bond ETF makes up approximately 14.7% of Blue Water Asset Management’s investment portfolio, making the stock its biggest position. Blue Water Asset Management owned approximately 0.31% of PGIM Ultra Short Bond ETF at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after purchasing an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new stake in PGIM Ultra Short Bond ETF during the third quarter worth $30,000. Rossby Financial LCC purchased a new position in PGIM Ultra Short Bond ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after purchasing an additional 513 shares during the last quarter. Finally, Assetmark Inc. grew its stake in PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after purchasing an additional 594 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.63 on Friday. The company has a market capitalization of $14.56 billion, a PE ratio of -23.86 and a beta of 0.02. The business has a fifty day moving average price of $49.62 and a two-hundred day moving average price of $49.68. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84.

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.