Fairvoy Private Wealth LLC Grows Stake in PGIM Ultra Short Bond ETF $PULS

Fairvoy Private Wealth LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 325,323 shares of the company’s stock after acquiring an additional 21,464 shares during the quarter. PGIM Ultra Short Bond ETF accounts for approximately 3.8% of Fairvoy Private Wealth LLC’s holdings, making the stock its 2nd biggest holding. Fairvoy Private Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $16,104,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PULS. Bank of America Corp DE lifted its stake in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. JPMorgan Chase & Co. grew its stake in PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after purchasing an additional 942,934 shares in the last quarter. LPL Financial LLC raised its holdings in PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after purchasing an additional 869,510 shares in the last quarter. Finally, Blue Water Asset Management purchased a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter valued at about $40,936,000. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.69 on Friday. PGIM Ultra Short Bond ETF has a one year low of $49.50 and a one year high of $49.84. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of -23.89 and a beta of 0.02. The firm has a 50-day simple moving average of $49.64 and a two-hundred day simple moving average of $49.66.

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.