Smallwood Wealth Investment Management LLC Sells 17,254 Shares of PGIM Ultra Short Bond ETF $PULS

Smallwood Wealth Investment Management LLC reduced its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,926 shares of the company’s stock after selling 17,254 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 2.6% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Smallwood Wealth Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,080,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 918,258 shares during the period. Cetera Investment Advisers increased its position 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 buying an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC increased its position 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 buying an additional 1,638,630 shares in the last quarter. Royal Bank of Canada increased its position in PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after buying an additional 59,415 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 56.8% in the second 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 period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA PULS opened at $49.50 on Thursday. The stock’s 50-day moving average price is $49.57 and its 200-day moving average price is $49.62. PGIM Ultra Short Bond ETF has a 52 week low of $49.45 and a 52 week high of $49.82. The company has a market capitalization of $19.64 billion, a P/E ratio of -23.80 and a beta of 0.02.

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.