IFS Group LLC Buys Shares of 59,207 PGIM Ultra Short Bond ETF $PULS

IFS Group LLC bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 59,207 shares of the company’s stock, valued at approximately $2,931,000. PGIM Ultra Short Bond ETF makes up 2.6% of IFS Group LLC’s portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also recently made changes to their positions in PULS. Anchor Investment Management LLC purchased a new stake in PGIM Ultra Short Bond ETF in the 1st quarter worth about $25,000. Sound Income Strategies LLC raised its stake in PGIM Ultra Short Bond ETF by 1,346.2% in the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares during the period. Turim 21 Investimentos Ltda. purchased a new stake in PGIM Ultra Short Bond ETF during the third quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 394.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in PGIM Ultra Short Bond ETF during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of NYSEARCA:PULS opened at $49.68 on Wednesday. The firm has a market capitalization of $17.41 billion, a PE ratio of -23.88 and a beta of 0.02. The company has a 50-day moving average price of $49.63 and a two-hundred day moving average price of $49.65. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84.

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.