Kovack Advisors Inc. Has $9.31 Million Position in PGIM Ultra Short Bond ETF $PULS

Kovack Advisors Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2,266.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,631 shares of the company’s stock after acquiring an additional 179,702 shares during the quarter. Kovack Advisors Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $9,305,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Spinnaker Investment Group LLC raised its position in shares of PGIM Ultra Short Bond ETF by 3.6% during the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after purchasing an additional 202 shares during the period. JT Stratford LLC raised its position in shares of PGIM Ultra Short Bond ETF by 2.3% during the third quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock worth $501,000 after purchasing an additional 222 shares during the period. Captrust Financial Advisors raised its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after purchasing an additional 361 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 9.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after purchasing an additional 361 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its position in shares of PGIM Ultra Short Bond ETF by 3.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock worth $622,000 after purchasing an additional 396 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.62 on Friday. The firm has a market cap of $16.44 billion, a P/E ratio of -23.86 and a beta of 0.02. The stock’s 50-day moving average is $49.62 and its 200-day moving average is $49.66. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84.

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.