Gateway Wealth Partners LLC Purchases 104,954 Shares of PGIM Ultra Short Bond ETF $PULS

Gateway Wealth Partners LLC grew its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 187.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,066 shares of the company’s stock after purchasing an additional 104,954 shares during the period. Gateway Wealth Partners LLC owned about 0.05% of PGIM Ultra Short Bond ETF worth $7,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PULS. Everest Financial Group LLC increased its position in shares of PGIM Ultra Short Bond ETF by 69.4% in the 1st quarter. Everest Financial Group LLC now owns 8,116 shares of the company’s stock valued at $402,000 after buying an additional 3,324 shares in the last quarter. Modern Wealth Management LLC raised its stake in PGIM Ultra Short Bond ETF by 2.5% during the 1st quarter. Modern Wealth Management LLC now owns 32,302 shares of the company’s stock worth $1,600,000 after buying an additional 789 shares during the period. Lido Advisors LLC lifted its holdings in PGIM Ultra Short Bond ETF by 12.9% during the first quarter. Lido Advisors LLC now owns 107,143 shares of the company’s stock worth $5,304,000 after acquiring an additional 12,272 shares in the last quarter. Cetera Investment Advisers lifted its holdings in PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after acquiring an additional 1,715,376 shares in the last quarter. Finally, Acumen Wealth Advisors LLC lifted its holdings in PGIM Ultra Short Bond ETF by 2,724.8% during the first quarter. Acumen Wealth Advisors LLC now owns 64,858 shares of the company’s stock worth $3,221,000 after acquiring an additional 62,562 shares in the last quarter. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.66 on Monday. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of -23.87 and a beta of 0.02. The stock has a 50-day moving average price of $49.63 and a two-hundred day moving average price of $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. PULS was launched on Apr 5, 2018 and is managed by PGIM.