Inscription Capital LLC Makes New $18.11 Million Investment in PGIM Ultra Short Bond ETF $PULS

Inscription Capital LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 363,451 shares of the company’s stock, valued at approximately $18,111,000. PGIM Ultra Short Bond ETF comprises about 2.0% of Inscription Capital LLC’s portfolio, making the stock its 7th largest position. Inscription Capital LLC owned about 0.14% of PGIM Ultra Short Bond ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in PGIM Ultra Short Bond ETF by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock worth $1,677,610,000 after purchasing an additional 897,077 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after buying an additional 2,999,297 shares during the period. Bank of America Corp DE increased its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after buying an additional 1,647,341 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after acquiring an additional 49,798 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 11.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,403,485 shares of the company’s stock worth $169,357,000 after acquiring an additional 358,984 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.72 on Tuesday. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84. The business’s 50 day simple moving average is $49.70 and its 200 day simple moving average is $49.71. The stock has a market capitalization of $13.35 billion, a PE ratio of -23.90 and a beta of 0.01.

PGIM Ultra Short Bond ETF 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.