TD Capital Management LLC Grows Stock Position in PGIM Ultra Short Bond ETF $PULS

TD Capital Management LLC boosted its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,338 shares of the company’s stock after acquiring an additional 25,774 shares during the period. TD Capital Management LLC owned 0.06% of PGIM Ultra Short Bond ETF worth $8,199,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PULS. JPMorgan Chase & Co. lifted its stake in shares of PGIM Ultra Short Bond ETF by 4.3% in the 4th quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Morgan Stanley grew its holdings in shares of PGIM Ultra Short Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock valued at $820,801,000 after purchasing an additional 203,799 shares in the last quarter. LPL Financial LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after acquiring an additional 869,510 shares in the last quarter. Bank of America Corp DE grew its stake in PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after purchasing an additional 215,246 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of PGIM Ultra Short Bond ETF by 4.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock worth $385,530,000 after buying an additional 356,553 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.1%

Shares of NYSEARCA:PULS opened at $49.65 on Friday. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The company’s 50 day moving average is $49.63 and its two-hundred day moving average is $49.66. The company has a market cap of $17.14 billion, a PE ratio of -23.87 and a beta of 0.02.

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. PULS was launched on Apr 5, 2018 and is managed by PGIM.