IAG Wealth Partners LLC Raises Stake in PGIM Ultra Short Bond ETF $PULS

IAG Wealth Partners LLC raised its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,506 shares of the company’s stock after buying an additional 20,984 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 2.6% of IAG Wealth Partners LLC’s investment portfolio, making the stock its 12th largest position. IAG Wealth Partners LLC owned about 0.17% of PGIM Ultra Short Bond ETF worth $22,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PULS. Focus Partners Wealth grew its holdings in shares of PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth $330,000. Cerity Partners LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth $273,000. Betterment LLC grew its holdings 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 worth $1,628,000 after purchasing an additional 1,628 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 6.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock worth $2,748,000 after purchasing an additional 3,157 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.56 on Tuesday. The stock has a market cap of $14.54 billion, a PE ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The stock has a fifty day simple moving average of $49.63 and a 200-day simple moving average of $49.67.

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.