NewEdge Advisors LLC Buys 742,333 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Advisors LLC boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 56.8% in the second quarter, HoldingsChannel reports. The firm owned 2,049,668 shares of the company’s stock after buying an additional 742,333 shares during the period. NewEdge Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $101,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Western Wealth Management LLC increased its position in PGIM Ultra Short Bond ETF by 113.5% in the 4th quarter. Western Wealth Management LLC now owns 40,031 shares of the company’s stock valued at $1,985,000 after buying an additional 21,279 shares in the last quarter. Macco Financial Group Inc. acquired a new position in PGIM Ultra Short Bond ETF during the 1st quarter worth approximately $1,244,000. Intrepid Family Office LLC bought a new position in PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $620,000. Northwestern Mutual Wealth Management Co. boosted its holdings in PGIM Ultra Short Bond ETF by 4.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,115,706 shares of the company’s stock worth $55,328,000 after acquiring an additional 49,480 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in PGIM Ultra Short Bond ETF by 47.7% in the first quarter. Valmark Advisers Inc. now owns 69,201 shares of the company’s stock valued at $3,425,000 after acquiring an additional 22,350 shares during the period. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA PULS opened at $49.57 on Wednesday. The company has a market cap of $18.79 billion, a price-to-earnings ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The business has a 50 day moving average price of $49.61 and a 200-day moving average price of $49.63.

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.