IFG Advisory LLC Acquires 22,387 Shares of PGIM Ultra Short Bond ETF $PULS

IFG Advisory LLC increased its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.1% in the third quarter, Holdings Channel.com reports. The firm owned 207,221 shares of the company’s stock after acquiring an additional 22,387 shares during the period. IFG Advisory LLC’s holdings in PGIM Ultra Short Bond ETF were worth $10,249,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $107,873,000. Cetera Investment Advisers lifted 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 worth $234,585,000 after purchasing an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC lifted its stake in PGIM Ultra Short Bond ETF by 103.2% in the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after purchasing an additional 1,638,630 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in PGIM Ultra Short Bond ETF in the third quarter worth $50,482,000. Finally, PNC Financial Services Group Inc. boosted its position in PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after buying an additional 918,258 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock traded up $0.02 during trading on Friday, hitting $49.53. 3,194,657 shares of the company traded hands, compared to its average volume of 2,932,507. The firm has a market capitalization of $19.85 billion, a PE ratio of -23.81 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.82. The company has a 50-day moving average of $49.55 and a 200-day moving average of $49.62.

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.