Alpha Zero LLC Purchases New Holdings in PGIM Ultra Short Bond ETF $PULS

Alpha Zero LLC purchased a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,987 shares of the company’s stock, valued at approximately $2,276,000. PGIM Ultra Short Bond ETF makes up approximately 1.2% of Alpha Zero LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors have also recently made changes to their positions in PULS. Anchor Investment Management LLC acquired a new position in PGIM Ultra Short Bond ETF during the first quarter worth $25,000. Sound Income Strategies LLC lifted its stake in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new position in shares of PGIM Ultra Short Bond ETF during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.63 on Tuesday. The firm’s 50-day moving average is $49.63 and its 200-day moving average is $49.65. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -23.86 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.

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.