PGIM Ultra Short Bond ETF $PULS Stock Position Lifted by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 137.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,583 shares of the company’s stock after acquiring an additional 102,702 shares during the period. PGIM Ultra Short Bond ETF comprises about 3.4% of Fortitude Advisory Group L.L.C.’s holdings, making the stock its 4th largest holding. Fortitude Advisory Group L.L.C.’s holdings in PGIM Ultra Short Bond ETF were worth $8,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in PGIM Ultra Short Bond ETF during the 1st quarter worth approximately $25,000. Flagship Wealth Advisors LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF during the first quarter valued at approximately $25,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $30,000. Kingdom Financial Group LLC. bought a new position in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $32,000. Finally, TOP Private Wealth LLC. bought a new position in shares of PGIM Ultra Short Bond ETF in the second quarter worth approximately $48,000. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Down 0.0%

Shares of NYSEARCA PULS opened at $49.56 on Friday. The firm’s fifty day moving average is $49.62 and its 200 day moving average is $49.63. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The company has a market cap of $18.72 billion, a price-to-earnings ratio of -23.83 and a beta of 0.02.

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.