Aviance Capital Partners LLC Raises Holdings in PGIM Ultra Short Bond ETF $PULS

Aviance Capital Partners LLC raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 46.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,823 shares of the company’s stock after purchasing an additional 13,598 shares during the quarter. Aviance Capital Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,134,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PULS. Focus Partners Wealth raised its holdings in 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 valued at $1,137,000 after buying an additional 17,394 shares during the period. Focus Financial Network Inc. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter valued at about $319,000. Wealth Enhancement Advisory Services LLC increased its position in shares of PGIM Ultra Short Bond ETF by 11.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 303,133 shares of the company’s stock valued at $15,035,000 after acquiring an additional 31,983 shares during the last quarter. AFG Fiduciary Services Limited Partnership raised its stake in shares of PGIM Ultra Short Bond ETF by 9.4% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 204,320 shares of the company’s stock valued at $10,130,000 after acquiring an additional 17,556 shares during the period. Finally, Congress Park Capital LLC acquired a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $9,131,000. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.72 on Friday. The company has a 50 day moving average price of $49.70 and a 200 day moving average price of $49.71. The stock has a market capitalization of $13.35 billion, a P/E ratio of -23.90 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84.

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.