SteelPeak Wealth LLC Reduces Stock Holdings in PGIM Ultra Short Bond ETF $PULS

SteelPeak Wealth LLC lessened its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,065 shares of the company’s stock after selling 1,561 shares during the quarter. SteelPeak Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PULS. Transform Wealth LLC grew its stake 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 valued at $6,395,000 after purchasing an additional 121,263 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake 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 valued at $134,000 after purchasing an additional 1,865 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in PGIM Ultra Short Bond ETF during the 1st quarter valued at approximately $6,780,000. Wealth Enhancement Advisory Services LLC grew its stake 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 valued at $13,484,000 after purchasing an additional 93,244 shares in the last quarter. Finally, IAG Wealth Partners LLC grew its stake 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 valued at $18,392,000 after purchasing an additional 91,187 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.69 on Thursday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The business has a 50 day moving average price of $49.72 and a two-hundred day moving average price of $49.65. The firm has a market cap of $12.63 billion, a PE ratio of -23.89 and a beta of 0.04.

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.