NewEdge Advisors LLC Purchases 30,632 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Advisors LLC grew its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,217,625 shares of the company’s stock after purchasing an additional 30,632 shares during the quarter. PGIM Ultra Short Bond ETF comprises approximately 1.2% of NewEdge Advisors LLC’s portfolio, making the stock its 14th biggest position. NewEdge Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $60,272,000 at the end of the most recent quarter.

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

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.68 on Thursday. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The company has a market capitalization of $17.41 billion, a P/E ratio of -23.88 and a beta of 0.02. The firm’s fifty day simple moving average is $49.63 and its 200-day simple 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.