Fifth Third Bancorp Purchases 266,906 Shares of PGIM Ultra Short Bond ETF $PULS

Fifth Third Bancorp raised its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2,294.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 278,538 shares of the company’s stock after purchasing an additional 266,906 shares during the period. Fifth Third Bancorp’s holdings in PGIM Ultra Short Bond ETF were worth $13,788,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after acquiring an additional 1,631,142 shares in the last quarter. Morgan Stanley boosted its position in PGIM Ultra Short Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock worth $820,801,000 after purchasing an additional 203,799 shares during the last quarter. LPL Financial LLC grew its stake in PGIM Ultra Short Bond ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock valued at $552,837,000 after purchasing an additional 869,510 shares during the period. Bank of America Corp DE grew its stake in PGIM Ultra Short Bond ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of PGIM Ultra Short Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock valued at $385,530,000 after purchasing an additional 356,553 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.61 on Wednesday. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of -23.85 and a beta of 0.02. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84. The business’s fifty day moving average is $49.62 and its 200-day moving average is $49.65.

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.