Elevation Point Wealth Partners LLC Invests $2.28 Million in PGIM Ultra Short Bond ETF $PULS

Elevation Point Wealth Partners LLC acquired a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 1st quarter, Holdings Channel reports. The firm acquired 45,846 shares of the company’s stock, valued at approximately $2,278,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PULS. Spinnaker Investment Group LLC increased its holdings in PGIM Ultra Short Bond ETF by 3.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after buying an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in PGIM Ultra Short Bond ETF by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after buying an additional 361 shares during the period. Captrust Financial Advisors increased its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after acquiring an additional 361 shares during the period. Friedenthal Financial increased its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after purchasing an additional 377 shares during the period. Finally, Financial Engines Advisors L.L.C. increased its position in PGIM Ultra Short Bond ETF by 3.3% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after acquiring an additional 396 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.57 on Friday. The stock has a market cap of $17.37 billion, a P/E 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 $49.66. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week 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.