Client First Investment Management LLC Sells 68,412 Shares of PGIM Ultra Short Bond ETF $PULS

Client First Investment Management LLC cut its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 46.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,792 shares of the company’s stock after selling 68,412 shares during the quarter. PGIM Ultra Short Bond ETF makes up 1.8% of Client First Investment Management LLC’s investment portfolio, making the stock its 10th largest holding. Client First Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PULS. PNC Financial Services Group Inc. grew its position in PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after buying an additional 918,258 shares during the period. Cetera Investment Advisers lifted its stake in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock valued at $234,585,000 after purchasing an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC grew its holdings in PGIM Ultra Short Bond ETF by 103.2% during the first quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after purchasing an additional 1,638,630 shares during the period. Royal Bank of Canada grew its holdings in PGIM Ultra Short Bond ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock valued at $120,844,000 after purchasing an additional 59,415 shares during the period. Finally, NewEdge Advisors LLC increased its position in PGIM Ultra Short Bond ETF by 56.8% in the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after buying an additional 742,333 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.53 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83. The stock’s fifty day moving average price is $49.59 and its two-hundred day moving average price is $49.61. The firm has a market cap of $19.52 billion, a PE ratio of -23.81 and a beta of 0.02.

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.