Wealthfront Advisers LLC Reduces Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Wealthfront Advisers LLC lowered its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 36.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 68,543 shares of the company’s stock after selling 38,790 shares during the quarter. Wealthfront Advisers LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,393,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PULS. Navigation Group LLC purchased a new stake in PGIM Ultra Short Bond ETF during the 1st quarter valued at $28,966,000. Sigma Planning Corp lifted its position in PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Sigma Planning Corp now owns 80,267 shares of the company’s stock worth $3,973,000 after buying an additional 1,547 shares during the last quarter. Anchor Investment Management LLC purchased a new position in PGIM Ultra Short Bond ETF during the first quarter worth $25,000. Diversify Wealth Management LLC boosted its stake in PGIM Ultra Short Bond ETF by 80.7% during the first quarter. Diversify Wealth Management LLC now owns 391,680 shares of the company’s stock worth $19,463,000 after buying an additional 174,867 shares during the period. Finally, Valmark Advisers Inc. increased its position in PGIM Ultra Short Bond ETF by 47.7% during the first quarter. Valmark Advisers Inc. now owns 69,201 shares of the company’s stock valued at $3,425,000 after acquiring an additional 22,350 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.64 on Monday. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. The firm’s fifty day simple moving average is $49.63 and its two-hundred day simple moving average is $49.64.

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.