Friedenthal Financial Purchases New Position in PGIM Ultra Short Bond ETF $PULS

Friedenthal Financial purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,123 shares of the company’s stock, valued at approximately $902,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in PGIM Ultra Short Bond ETF by 437.7% in the first quarter. Golden State Wealth Management LLC now owns 7,679 shares of the company’s stock worth $382,000 after purchasing an additional 6,251 shares during the period. Janney Montgomery Scott LLC grew its holdings in PGIM Ultra Short Bond ETF by 15.4% in the first quarter. Janney Montgomery Scott LLC now owns 132,923 shares of the company’s stock worth $6,610,000 after purchasing an additional 17,715 shares during the period. Envestnet Asset Management Inc. grew its holdings in PGIM Ultra Short Bond ETF by 29.4% in the first quarter. Envestnet Asset Management Inc. now owns 745,222 shares of the company’s stock worth $37,060,000 after purchasing an additional 169,348 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in PGIM Ultra Short Bond ETF by 52.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 271,150 shares of the company’s stock worth $13,484,000 after purchasing an additional 93,244 shares during the period. Finally, KWB Wealth grew its holdings in PGIM Ultra Short Bond ETF by 40.9% in the second quarter. KWB Wealth now owns 7,348 shares of the company’s stock worth $365,000 after purchasing an additional 2,134 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.69 on Wednesday. The stock has a market cap of $12.63 billion, a PE ratio of -23.89 and a beta of 0.04. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The firm’s 50-day simple moving average is $49.73 and its two-hundred 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.