Valmark Advisers Inc. Invests $2.39 Million in PGIM Ultra Short Bond ETF $PULS

Valmark Advisers Inc. acquired a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 48,015 shares of the company’s stock, valued at approximately $2,389,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PULS. Transform Wealth LLC grew its position in PGIM Ultra Short Bond ETF by 1,652.1% during the 1st quarter. Transform Wealth LLC now owns 128,603 shares of the company’s stock worth $6,395,000 after purchasing an additional 121,263 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in PGIM Ultra Short Bond ETF by 226.3% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 2,689 shares of the company’s stock worth $134,000 after purchasing an additional 1,865 shares during the last quarter. Marshall Financial Group LLC purchased a new position in PGIM Ultra Short Bond ETF during the 1st quarter worth $6,780,000. Wealth Enhancement Advisory Services LLC grew its position in PGIM Ultra Short Bond ETF by 52.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 271,150 shares of the company’s stock worth $13,484,000 after purchasing an additional 93,244 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in PGIM Ultra Short Bond ETF by 32.7% during the 1st quarter. IAG Wealth Partners LLC now owns 369,828 shares of the company’s stock worth $18,392,000 after purchasing an additional 91,187 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.69 on Thursday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The company has a market capitalization of $12.63 billion, a P/E ratio of -23.89 and a beta of 0.04. The company’s fifty day moving average is $49.72 and its two-hundred day moving average is $49.65.

PGIM Ultra Short Bond ETF Company 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.