Lido Advisors LLC Makes New Investment in PGIM Ultra Short Bond ETF $PULS

Lido Advisors LLC bought a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 94,871 shares of the company’s stock, valued at approximately $4,705,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after buying an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $30,000. Rossby Financial LCC bought a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 394.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after buying an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in PGIM Ultra Short Bond ETF during the fourth quarter worth about $32,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA:PULS opened at $49.57 on Friday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The stock has a market capitalization of $16.33 billion, a PE ratio of -23.83 and a beta of 0.02. The business’s 50-day simple moving average is $49.62 and its 200-day simple moving average is $49.67.

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.