MBM Wealth Consultants LLC Boosts Stake in PGIM Ultra Short Bond ETF $PULS

MBM Wealth Consultants LLC boosted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 503,937 shares of the company’s stock after purchasing an additional 25,624 shares during the period. PGIM Ultra Short Bond ETF comprises about 5.7% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 4th biggest position. MBM Wealth Consultants LLC’s holdings in PGIM Ultra Short Bond ETF were worth $24,945,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PULS. Sound Income Strategies LLC increased its position in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after purchasing an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after purchasing an additional 513 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $32,000. Finally, Assetmark Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 667.4% in the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after buying an additional 594 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Trading Down 0.0%

Shares of NYSEARCA PULS opened at $49.67 on Thursday. The firm has a 50 day moving average of $49.64 and a 200 day moving average of $49.66. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -23.88 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month 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.