PGIM Ultra Short Bond ETF $PULS Shares Acquired by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC increased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,148 shares of the company’s stock after buying an additional 15,165 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,684,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 1st quarter valued at approximately $25,000. Anchor Investment Management LLC raised its stake in PGIM Ultra Short Bond ETF by 49.6% during the second quarter. Anchor Investment Management LLC now owns 751 shares of the company’s stock worth $37,000 after acquiring an additional 249 shares during the period. TOP Private Wealth LLC. bought a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $48,000. NBH Bank bought a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at $53,000. Finally, Parkside Financial Bank & Trust bought a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.53 on Friday. The business’s fifty day moving average price is $49.55 and its two-hundred day moving average price is $49.62. The company has a market capitalization of $19.85 billion, a P/E ratio of -23.81 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.45 and a 1-year high of $49.82.

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.