PGIM Ultra Short Bond ETF $PULS is Kensington Asset Management LLC’s 7th Largest Position

Kensington Asset Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 36.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,588,148 shares of the company’s stock after purchasing an additional 425,761 shares during the period. PGIM Ultra Short Bond ETF comprises 4.1% of Kensington Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Kensington Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $78,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PULS. JPMorgan Chase & Co. boosted its stake in shares of PGIM Ultra Short Bond ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after purchasing an additional 4,065,547 shares during the period. Bank of America Corp DE boosted its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after purchasing an additional 1,647,341 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after purchasing an additional 942,934 shares during the period. LPL Financial LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock valued at $552,837,000 after purchasing an additional 869,510 shares during the period. Finally, Blue Water Asset Management purchased a new position in shares of PGIM Ultra Short Bond ETF in the fourth quarter valued at $40,936,000. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of PULS stock opened at $49.64 on Friday. The company has a market capitalization of $17.10 billion, a PE ratio of -23.87 and a beta of 0.02. The firm has a fifty day simple moving average of $49.62 and a 200-day simple moving average of $49.66. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month 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.