VestGen Advisors LLC Makes New $681,000 Investment in PGIM Ultra Short Bond ETF $PULS

VestGen Advisors LLC bought a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,766 shares of the company’s stock, valued at approximately $681,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in PGIM Ultra Short Bond ETF by 22.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock worth $244,513,000 after purchasing an additional 918,258 shares during the period. Cetera Investment Advisers boosted its holdings in shares of PGIM Ultra Short Bond ETF by 56.7% during the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after purchasing an additional 1,715,376 shares during the period. Kensington Asset Management LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 103.2% during the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock valued at $159,726,000 after buying an additional 1,638,630 shares during the period. Royal Bank of Canada increased its stake in shares of PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after acquiring an additional 59,415 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 56.8% during the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after acquiring an additional 742,333 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Down 0.3%

PULS opened at $49.48 on Friday. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of -23.79 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.45 and a 1 year high of $49.83. The stock has a fifty day moving average price of $49.58 and a 200 day moving average price of $49.63.

PGIM Ultra Short Bond ETF Company 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.