PGIM Ultra Short Bond ETF $PULS Stock: Phoenix Wealth Advisors Cuts Position

Phoenix Wealth Advisors lowered its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 31.5% during the third quarter, Holdings Channel.com reports. The firm owned 115,381 shares of the company’s stock after selling 53,063 shares during the quarter. PGIM Ultra Short Bond ETF accounts for about 1.7% of Phoenix Wealth Advisors’ portfolio, making the stock its 14th largest position. Phoenix Wealth Advisors’ holdings in PGIM Ultra Short Bond ETF were worth $5,707,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Anchor Investment Management LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 49.6% in the 2nd quarter. Anchor Investment Management LLC now owns 751 shares of the company’s stock valued at $37,000 after buying an additional 249 shares during the period. PVG Asset Management Corp increased its stake in shares of PGIM Ultra Short Bond ETF by 5.7% during the second quarter. PVG Asset Management Corp now owns 5,573 shares of the company’s stock worth $276,000 after buying an additional 302 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in PGIM Ultra Short Bond ETF by 0.6% in the third quarter. Kingswood Wealth Advisors LLC now owns 55,504 shares of the company’s stock valued at $2,745,000 after acquiring an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID raised its holdings in PGIM Ultra Short Bond ETF by 8.2% in the second quarter. Legacy Wealth Managment LLC ID now owns 6,726 shares of the company’s stock valued at $333,000 after acquiring an additional 508 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock remained flat at $49.50 during trading on Friday. 3,164,546 shares of the company were exchanged, compared to its average volume of 2,932,376. PGIM Ultra Short Bond ETF has a one year low of $49.45 and a one year high of $49.82. The firm has a 50-day moving average of $49.56 and a 200 day moving average of $49.62. The stock has a market capitalization of $19.65 billion, a PE ratio of -23.80 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.