NewEdge Wealth LLC Sells 20,435 Shares of PGIM Ultra Short Bond ETF $PULS

NewEdge Wealth LLC cut its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,065 shares of the company’s stock after selling 20,435 shares during the quarter. NewEdge Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $12,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Focus Partners Wealth increased its stake in shares of PGIM Ultra Short Bond ETF by 318.3% in the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after acquiring an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC bought a new position in PGIM Ultra Short Bond ETF during the second quarter worth $330,000. Cerity Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the second quarter worth $273,000. Betterment LLC grew its holdings in PGIM Ultra Short Bond ETF by 5.2% in the second quarter. Betterment LLC now owns 32,714 shares of the company’s stock worth $1,628,000 after purchasing an additional 1,628 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in PGIM Ultra Short Bond ETF by 6.1% in the second quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after purchasing an additional 3,157 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.65 on Thursday. The company has a fifty day moving average price of $49.63 and a two-hundred day moving average price of $49.65. PGIM Ultra Short Bond ETF has a 1-year low of $49.50 and a 1-year high of $49.84. The company has a market cap of $17.40 billion, a P/E ratio of -23.87 and a beta of 0.02.

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.