Verus Capital Partners LLC Makes New Investment in PGIM Ultra Short Bond ETF $PULS

Verus Capital Partners LLC bought a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 92,778 shares of the company’s stock, valued at approximately $4,601,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 19.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock worth $7,595,000 after buying an additional 25,105 shares during the last quarter. Seed Wealth Management Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 297.1% in the 4th quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock worth $4,965,000 after buying an additional 74,905 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 6.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock worth $28,738,000 after buying an additional 33,902 shares during the last quarter. BlueStem Wealth Partners LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 19.5% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock worth $5,271,000 after buying an additional 17,289 shares during the last quarter. Finally, Embree Financial Group grew its stake in shares of PGIM Ultra Short Bond ETF by 85.1% in the 4th quarter. Embree Financial Group now owns 442,084 shares of the company’s stock worth $21,923,000 after buying an additional 203,209 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.57 on Thursday. The company has a market capitalization of $14.54 billion, a P/E ratio of -23.83 and a beta of 0.02. The stock’s 50 day moving average is $49.63 and its 200 day moving average is $49.67. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84.

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.