Northwestern Mutual Wealth Management Co. raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,115,706 shares of the company’s stock after purchasing an additional 49,480 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in PGIM Ultra Short Bond ETF were worth $55,328,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in PGIM Ultra Short Bond ETF by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after purchasing an additional 4,065,547 shares during the period. Bank of America Corp DE boosted its holdings in PGIM Ultra Short Bond ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the period. Raymond James Financial Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 5.7% in the 3rd quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock valued at $216,691,000 after purchasing an additional 236,042 shares during the period. UBS Group AG boosted its holdings in PGIM Ultra Short Bond ETF by 16.9% in the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock valued at $204,420,000 after purchasing an additional 591,642 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,021,393 shares of the company’s stock valued at $199,421,000 after purchasing an additional 221,413 shares during the period. Institutional investors own 72.71% of the company’s stock.
PGIM Ultra Short Bond ETF Stock Down 0.3%
NYSEARCA PULS opened at $49.56 on Friday. The company has a market capitalization of $14.54 billion, a P/E ratio of -23.83 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. The firm has a 50-day moving average price of $49.63 and a two-hundred day moving average price of $49.67.
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.
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Want to see what other hedge funds are holding PULS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report).
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