Avestar Capital LLC Purchases 169,942 Shares of PGIM Ultra Short Bond ETF $PULS

Avestar Capital LLC raised its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 186.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,963 shares of the company’s stock after acquiring an additional 169,942 shares during the quarter. PGIM Ultra Short Bond ETF makes up 0.9% of Avestar Capital LLC’s investment portfolio, making the stock its 19th largest position. Avestar Capital LLC owned 0.11% of PGIM Ultra Short Bond ETF worth $12,986,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PULS. KWB Wealth grew its position in shares of PGIM Ultra Short Bond ETF by 40.9% in the 2nd quarter. KWB Wealth now owns 7,348 shares of the company’s stock worth $365,000 after buying an additional 2,134 shares during the last quarter. Truist Financial Corp lifted its stake in PGIM Ultra Short Bond ETF by 1.5% in the second quarter. Truist Financial Corp now owns 147,721 shares of the company’s stock worth $7,351,000 after acquiring an additional 2,127 shares during the period. Avantax Advisory Services Inc. lifted its stake in PGIM Ultra Short Bond ETF by 9.0% in the second quarter. Avantax Advisory Services Inc. now owns 863,066 shares of the company’s stock worth $42,946,000 after acquiring an additional 71,398 shares during the period. JPMorgan Chase & Co. boosted its holdings in PGIM Ultra Short Bond ETF by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 32,816,956 shares of the company’s stock valued at $1,631,987,000 after acquiring an additional 4,479,846 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in PGIM Ultra Short Bond ETF by 9.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 145,276 shares of the company’s stock valued at $7,229,000 after purchasing an additional 12,353 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA PULS opened at $49.65 on Friday. The firm has a fifty day simple moving average of $49.72 and a two-hundred day simple moving average of $49.70. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The firm has a market capitalization of $13.19 billion, a PE ratio of -23.87 and a beta of 0.01.

About PGIM Ultra Short Bond ETF

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.