PGIM Ultra Short Bond ETF $PULS Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors cut its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 37.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,177 shares of the company’s stock after selling 64,746 shares during the period. PGIM Ultra Short Bond ETF makes up 2.2% of Phoenix Wealth Advisors’ holdings, making the stock its 12th biggest holding. Phoenix Wealth Advisors’ holdings in PGIM Ultra Short Bond ETF were worth $5,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in PULS. Spire Wealth Management purchased a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth approximately $31,000. Legacy Wealth Managment LLC ID purchased a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth $44,000. Larson Financial Group LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 1,663.9% during the first quarter. Larson Financial Group LLC now owns 1,076 shares of the company’s stock worth $54,000 after buying an additional 1,015 shares during the period. Transce3nd LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the first quarter valued at $57,000. Finally, US Bancorp DE purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 1st quarter valued at $60,000. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.70 on Friday. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of -23.89 and a beta of 0.01. The business has a 50-day moving average of $49.73 and a 200 day moving average of $49.69. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84.

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.