Acumen Wealth Advisors LLC Acquires 62,562 Shares of PGIM Ultra Short Bond ETF $PULS

Acumen Wealth Advisors LLC boosted its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2,724.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,858 shares of the company’s stock after acquiring an additional 62,562 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PULS. Spinnaker Investment Group LLC raised its stake in PGIM Ultra Short Bond ETF by 3.6% during the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after acquiring an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 9.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after purchasing an additional 361 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after buying an additional 361 shares in the last quarter. Friedenthal Financial increased its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after buying an additional 377 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of PGIM Ultra Short Bond ETF by 3.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after buying an additional 396 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of NYSEARCA PULS opened at $49.65 on Wednesday. The firm’s 50-day simple moving average is $49.63 and its 200 day simple moving average is $49.65. The company has a market cap of $17.40 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month 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.