Fortis Capital Management LLC Makes New Investment in PGIM Ultra Short Bond ETF $PULS

Fortis Capital Management LLC purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 232,550 shares of the company’s stock, valued at approximately $11,511,000. PGIM Ultra Short Bond ETF makes up approximately 1.2% of Fortis Capital Management LLC’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also made changes to their positions in PULS. Anchor Investment Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 1st quarter valued at approximately $25,000. Sound Income Strategies LLC boosted its position in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after purchasing an additional 525 shares during the period. Turim 21 Investimentos Ltda. bought a new stake in PGIM Ultra Short Bond ETF during the third quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in PGIM Ultra Short Bond ETF by 394.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. acquired a new position in PGIM Ultra Short Bond ETF during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA:PULS opened at $49.65 on Wednesday. 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 market cap of $17.40 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. The company’s 50 day moving average is $49.63 and its 200-day moving average is $49.65.

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.