PKS Advisory Services LLC Invests $627,000 in PGIM Ultra Short Bond ETF $PULS

PKS Advisory Services LLC acquired a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,650 shares of the company’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after buying an additional 4,065,547 shares during the last quarter. Bank of America Corp DE lifted its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after buying an additional 215,246 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 5.7% during the 3rd quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after buying an additional 236,042 shares during the last quarter. UBS Group AG lifted its position in shares of PGIM Ultra Short Bond ETF by 16.9% during the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after buying an additional 591,642 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 11.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after buying an additional 396,495 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.57 on Wednesday. PGIM Ultra Short Bond ETF has a twelve month low of $49.48 and a twelve month high of $49.84. The company has a market cap of $14.54 billion, a P/E ratio of -23.83 and a beta of 0.02. The business has a fifty day simple moving average of $49.63 and a 200 day simple moving average of $49.68.

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.