Benjamin Edwards Inc. Raises Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Benjamin Edwards Inc. boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,357 shares of the company’s stock after purchasing an additional 10,651 shares during the quarter. Benjamin Edwards Inc. owned about 0.08% of PGIM Ultra Short Bond ETF worth $10,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PULS. Prudential Financial Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after buying an additional 2,999,297 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after acquiring an additional 1,647,341 shares during the last quarter. Horizon Wealth Management LLC purchased a new position in PGIM Ultra Short Bond ETF in the second quarter worth $62,497,000. JPMorgan Chase & Co. increased its stake in PGIM Ultra Short Bond ETF by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after acquiring an additional 897,077 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in PGIM Ultra Short Bond ETF by 269.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock valued at $46,597,000 after acquiring an additional 682,812 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.64 on Friday. The stock’s 50-day simple moving average is $49.70 and its two-hundred day simple moving average is $49.71. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The company has a market capitalization of $13.32 billion, a price-to-earnings 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. PULS was launched on Apr 5, 2018 and is managed by PGIM.