Truist Financial Corp Buys 24,972 Shares of PGIM Ultra Short Bond ETF $PULS

Truist Financial Corp raised its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 16.3% in the fourth quarter, Holdings Channel reports. The firm owned 178,154 shares of the company’s stock after acquiring an additional 24,972 shares during the quarter. Truist Financial Corp’s holdings in PGIM Ultra Short Bond ETF were worth $8,835,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PULS. JPMorgan Chase & Co. lifted its position in shares of PGIM Ultra Short Bond ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $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% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $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% in the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock valued at $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% in the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock valued at $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% in the third quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock valued at $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 Stock Up 0.0%

PULS opened at $49.62 on Friday. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month high of $49.84. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02. The business has a 50 day moving average of $49.63 and a 200-day 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.