PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase – Time to Buy?

Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw an uptick in trading volume on Friday . 4,752,184 shares changed hands during mid-day trading, an increase of 72% from the previous session’s volume of 2,762,469 shares.The stock last traded at $49.66 and had previously closed at $49.64.

PGIM Ultra Short Bond ETF Stock Performance

The business’s 50-day moving average is $49.63 and its 200-day moving average is $49.65. The company has a market capitalization of $17.40 billion, a PE ratio of -23.87 and a beta of 0.02.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after acquiring an additional 1,631,142 shares during the period. Morgan Stanley lifted its holdings in PGIM Ultra Short Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock valued at $820,801,000 after acquiring an additional 203,799 shares during the period. LPL Financial LLC boosted its position in 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 worth $552,837,000 after purchasing an additional 869,510 shares during the last quarter. Bank of America Corp DE grew its stake in shares of PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of PGIM Ultra Short Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock valued at $385,530,000 after purchasing an additional 356,553 shares during the period. 72.71% of the stock is owned by institutional investors.

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.