Kensington Asset Management LLC Grows Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Kensington Asset Management LLC grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 103.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,226,778 shares of the company’s stock after acquiring an additional 1,638,630 shares during the period. PGIM Ultra Short Bond ETF accounts for 7.4% of Kensington Asset Management LLC’s holdings, making the stock its 3rd largest position. Kensington Asset Management LLC owned about 1.10% of PGIM Ultra Short Bond ETF worth $159,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Arete Wealth Advisors LLC grew its position in shares of PGIM Ultra Short Bond ETF by 12.0% in the first quarter. Arete Wealth Advisors LLC now owns 377,807 shares of the company’s stock valued at $18,705,000 after purchasing an additional 40,373 shares during the last quarter. Norris Financial Group LLC bought a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at $2,277,000. Western Wealth Management LLC boosted its stake in PGIM Ultra Short Bond ETF by 94.8% in the 1st quarter. Western Wealth Management LLC now owns 78,000 shares of the company’s stock valued at $3,861,000 after purchasing an additional 37,969 shares during the period. NewEdge Advisors LLC grew its holdings in PGIM Ultra Short Bond ETF by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,217,625 shares of the company’s stock valued at $60,272,000 after buying an additional 30,632 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in PGIM Ultra Short Bond ETF by 38.6% in the 1st quarter. Arkadios Wealth Advisors now owns 22,564 shares of the company’s stock valued at $1,117,000 after buying an additional 6,280 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.54 on Friday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The stock has a market capitalization of $17.36 billion, a price-to-earnings ratio of -23.82 and a beta of 0.02. The business’s fifty day moving average price is $49.63 and its two-hundred day moving average price 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. PULS was launched on Apr 5, 2018 and is managed by PGIM.