Royal Bank of Canada Has $120.84 Million Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Royal Bank of Canada boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,441,278 shares of the company’s stock after purchasing an additional 59,415 shares during the period. Royal Bank of Canada owned about 0.83% of PGIM Ultra Short Bond ETF worth $120,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 1st quarter valued at $25,000. Sound Income Strategies LLC grew its position in PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after acquiring an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF in the 3rd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its position in PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in PGIM Ultra Short Bond ETF in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of PULS stock opened at $49.69 on Friday. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of -23.89 and a beta of 0.02. The business’s 50-day moving average price is $49.63 and its 200-day moving average price is $49.65. PGIM Ultra Short Bond ETF has a 12 month low of $49.50 and a 12 month high of $49.84.

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.