Everest Management Corp. Takes Position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Everest Management Corp. bought a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,897 shares of the company’s stock, valued at approximately $1,035,000. PGIM Ultra Short Bond ETF accounts for about 0.9% of Everest Management Corp.’s holdings, making the stock its 21st largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Prudential Financial Inc. raised its stake in PGIM Ultra Short Bond ETF by 51.9% during the 4th quarter. Prudential Financial Inc. now owns 22,115,385 shares of the company’s stock valued at $1,095,927,000 after acquiring an additional 7,560,005 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter worth approximately $175,082,000. Raymond James Financial Inc. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter worth $156,689,000. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 12.0% during the fourth quarter. JPMorgan Chase & Co. now owns 28,337,110 shares of the company’s stock worth $1,404,104,000 after purchasing an additional 3,027,670 shares during the period. Finally, Wells Fargo & Company MN grew its position in PGIM Ultra Short Bond ETF by 31.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,134,577 shares of the company’s stock valued at $254,418,000 after buying an additional 1,227,633 shares during the last quarter.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.47 on Wednesday. PGIM Ultra Short Bond ETF has a one year low of $48.47 and a one year high of $49.81. The firm has a fifty day moving average of $49.61 and a two-hundred day moving average of $49.65.

PGIM Ultra Short Bond ETF 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.