Valmark Advisers Inc. Grows Holdings in PGIM Ultra Short Bond ETF $PULS

Valmark Advisers Inc. raised its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 47.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,201 shares of the company’s stock after purchasing an additional 22,350 shares during the quarter. Valmark Advisers Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $3,425,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spinnaker Investment Group LLC lifted its holdings in PGIM Ultra Short Bond ETF by 3.6% during the 4th quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after buying an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. increased its position 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 acquiring an additional 361 shares during the period. Captrust Financial Advisors increased its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after acquiring an additional 361 shares during the period. Friedenthal Financial increased its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock worth $943,000 after acquiring an additional 377 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of PGIM Ultra Short Bond ETF by 3.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after acquiring an additional 396 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA PULS opened at $49.59 on Monday. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of -23.84 and a beta of 0.02. The stock has a 50 day moving average price of $49.62 and a 200 day moving average price of $49.65. 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 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.