IAG Wealth Partners LLC Cuts Stake in PGIM Ultra Short Bond ETF $PULS

IAG Wealth Partners LLC lessened its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,005 shares of the company’s stock after selling 30,501 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 2.3% of IAG Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest position. IAG Wealth Partners LLC owned 0.14% of PGIM Ultra Short Bond ETF worth $20,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Focus Partners Wealth raised its holdings in shares of PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after buying an additional 17,394 shares during the period. Flow Traders U.S. LLC acquired a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $330,000. Cerity Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $273,000. Betterment LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 5.2% during the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock valued at $1,628,000 after purchasing an additional 1,628 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 6.1% during the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after purchasing an additional 3,157 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.0%

NYSEARCA PULS opened at $49.58 on Thursday. The stock has a market cap of $17.37 billion, a P/E ratio of -23.84 and a beta of 0.02. The company’s fifty day simple moving average is $49.63 and its 200-day simple moving average is $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.