IAG Wealth Partners LLC Raises Stake in PGIM Ultra Short Bond ETF $PULS

IAG Wealth Partners LLC raised its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,506 shares of the company’s stock after acquiring an additional 20,984 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 2.6% of IAG Wealth Partners LLC’s holdings, making the stock its 12th biggest holding. IAG Wealth Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $22,142,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after acquiring an additional 4,065,547 shares in the last quarter. Bank of America Corp DE raised its position in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after acquiring an additional 1,647,341 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 1,051.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after acquiring an additional 942,934 shares in the last quarter. Blue Water Asset Management acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 4th quarter worth about $40,936,000. Finally, Jones Financial Companies Lllp raised its position in shares of PGIM Ultra Short Bond ETF by 39.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock worth $107,762,000 after acquiring an additional 615,683 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

Shares of NYSEARCA PULS opened at $49.56 on Tuesday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The firm has a market capitalization of $14.54 billion, a PE ratio of -23.83 and a beta of 0.02. The stock’s 50-day simple moving average is $49.63 and its 200-day simple moving average is $49.67.

PGIM Ultra Short Bond ETF 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.