Onyx Bridge Wealth Group LLC Buys 123,880 Shares of PGIM Ultra Short Bond ETF $PULS

Onyx Bridge Wealth Group LLC lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.6% during the third quarter, HoldingsChannel.com reports. The firm owned 429,269 shares of the company’s stock after purchasing an additional 123,880 shares during the quarter. PGIM Ultra Short Bond ETF makes up 1.9% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 12th largest position. Onyx Bridge Wealth Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $21,238,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC grew its stake in PGIM Ultra Short Bond ETF by 103.2% in the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after buying an additional 1,638,630 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 22.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after buying an additional 918,258 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of PGIM Ultra Short Bond ETF by 56.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after buying an additional 742,333 shares during the last quarter. Finally, Persium Advisors LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $30,569,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock opened at $49.57 on Friday. The firm’s fifty day moving average price is $49.59 and its 200-day moving average price is $49.61. The stock has a market cap of $19.70 billion, a P/E ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.45 and a fifty-two week high of $49.83.

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.