Norris Financial Group LLC Takes Position in PGIM Ultra Short Bond ETF $PULS

Norris Financial Group LLC bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 45,994 shares of the company’s stock, valued at approximately $2,277,000.

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

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.69 on Friday. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84. The company has a market cap of $17.41 billion, a price-to-earnings ratio of -23.89 and a beta of 0.02. The stock’s 50-day moving average is $49.63 and its 200-day moving average is $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. PULS was launched on Apr 5, 2018 and is managed by PGIM.