Avestar Capital LLC Has $7.01 Million Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Avestar Capital LLC increased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 141,074 shares of the company’s stock after purchasing an additional 24,065 shares during the period. Avestar Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $7,011,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PULS. Focus Partners Wealth boosted its position in shares of PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after acquiring an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth approximately $330,000. Cerity Partners LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth approximately $273,000. Betterment LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 5.2% during the 2nd quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after acquiring an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 6.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after acquiring an additional 3,157 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.57 on Thursday. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of -23.83 and a beta of 0.02. The firm’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $49.67. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84.

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.