JPMorgan Chase & Co. Buys 1,631,142 Shares of PGIM Ultra Short Bond ETF $PULS

JPMorgan Chase & Co. grew its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 39,410,722 shares of the company’s stock after purchasing an additional 1,631,142 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of PGIM Ultra Short Bond ETF worth $1,954,378,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Bank Corp lifted its holdings in shares of PGIM Ultra Short Bond ETF by 18.3% during the fourth quarter. SouthState Bank Corp now owns 29,774 shares of the company’s stock valued at $1,476,000 after purchasing an additional 4,607 shares in the last quarter. Syon Capital LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 3.2% during the fourth quarter. Syon Capital LLC now owns 64,545 shares of the company’s stock valued at $3,201,000 after purchasing an additional 2,020 shares in the last quarter. Disciplina Capital Management LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 33.2% during the fourth quarter. Disciplina Capital Management LLC now owns 322,173 shares of the company’s stock valued at $16,017,000 after purchasing an additional 80,238 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 14.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 222,628 shares of the company’s stock valued at $11,026,000 after purchasing an additional 28,388 shares in the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at $4,601,000. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.57 on Tuesday. The company has a market cap of $16.37 billion, a P/E ratio of -23.83 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The stock’s fifty day moving average price is $49.62 and its 200-day moving average price is $49.67.

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.