Cambridge Investment Research Advisors Inc. Grows Stake in PGIM Ultra Short Bond ETF $PULS

Cambridge Investment Research Advisors Inc. increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,262 shares of the company’s stock after acquiring an additional 52,183 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $31,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Water Asset Management purchased a new position in PGIM Ultra Short Bond ETF in the fourth quarter worth about $40,936,000. Cornerstone Wealth Management LLC grew its position in PGIM Ultra Short Bond ETF by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,815 shares of the company’s stock worth $338,000 after acquiring an additional 1,125 shares in the last quarter. Western Wealth Management LLC grew its position in PGIM Ultra Short Bond ETF by 113.5% in the fourth quarter. Western Wealth Management LLC now owns 40,031 shares of the company’s stock worth $1,985,000 after acquiring an additional 21,279 shares in the last quarter. Ameritas Advisory Services LLC grew its position in PGIM Ultra Short Bond ETF by 431.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 380,935 shares of the company’s stock worth $18,891,000 after acquiring an additional 309,231 shares in the last quarter. Finally, World Investment Advisors grew its position in PGIM Ultra Short Bond ETF by 40.9% in the fourth quarter. World Investment Advisors now owns 5,738 shares of the company’s stock worth $270,000 after acquiring an additional 1,665 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.63 on Monday. The firm has a market cap of $14.56 billion, a P/E ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The stock has a 50-day moving average of $49.62 and a 200 day moving average of $49.68.

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.