Royal Bank of Canada Purchases 59,415 Shares of PGIM Ultra Short Bond ETF $PULS

Royal Bank of Canada raised its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,441,278 shares of the company’s stock after acquiring an additional 59,415 shares during the quarter. Royal Bank of Canada’s holdings in PGIM Ultra Short Bond ETF were worth $120,844,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. 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 valued at $1,137,000 after purchasing an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in PGIM Ultra Short Bond ETF during the second quarter worth approximately $330,000. Cerity Partners LLC bought a new stake in PGIM Ultra Short Bond ETF in the second quarter worth approximately $273,000. Betterment LLC increased its holdings in PGIM Ultra Short Bond ETF by 5.2% in the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in PGIM Ultra Short Bond ETF by 6.1% in the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after purchasing an additional 3,157 shares in the last quarter. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.69 on Friday. The firm has a market cap of $17.41 billion, a PE ratio of -23.89 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 52-week low of $49.50 and a 52-week high of $49.84. The business’s 50 day moving average price is $49.63 and its two-hundred day moving average price is $49.65.

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.