PGIM Ultra Short Bond ETF $PULS Stock: Horizon Wealth Management LLC Grows Stake

Horizon Wealth Management LLC lifted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,552 shares of the company’s stock after acquiring an additional 58,153 shares during the period. PGIM Ultra Short Bond ETF accounts for approximately 1.7% of Horizon Wealth Management LLC’s holdings, making the stock its 28th biggest position. Horizon Wealth Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $13,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 22.8% in 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 acquiring an additional 918,258 shares in the last quarter. Cetera Investment Advisers raised 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 purchasing an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC raised 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 worth $159,726,000 after purchasing an additional 1,638,630 shares in the last quarter. Royal Bank of Canada raised 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 worth $120,844,000 after purchasing an additional 59,415 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter worth approximately $107,873,000. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.50 on Friday. The business has a 50 day moving average price of $49.56 and a two-hundred day moving average price of $49.62. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of -23.80 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1-year low of $49.45 and a 1-year high of $49.82.

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.