IFP Advisors Inc Cuts Stock Position in PGIM Ultra Short Bond ETF $PULS

IFP Advisors Inc cut its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 15.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,124 shares of the company’s stock after selling 28,906 shares during the quarter. IFP Advisors Inc’s holdings in PGIM Ultra Short Bond ETF were worth $7,885,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth lifted its stake in shares of PGIM Ultra Short Bond ETF by 318.3% in the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after acquiring an additional 17,394 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth about $330,000. Cerity Partners LLC purchased a new position in PGIM Ultra Short Bond ETF during the second quarter worth about $273,000. Betterment LLC raised its holdings in PGIM Ultra Short Bond ETF by 5.2% during the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in PGIM Ultra Short Bond ETF by 6.1% during the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after purchasing an additional 3,157 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.57 on Thursday. The company has a market cap of $18.79 billion, a P/E 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 company 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.