PGIM Ultra Short Bond ETF $PULS Stock Position Lifted by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 26.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,180 shares of the company’s stock after acquiring an additional 29,058 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 3.1% of Smallwood Wealth Investment Management LLC’s holdings, making the stock its 8th biggest position. Smallwood Wealth Investment Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in PGIM Ultra Short Bond ETF by 4.3% during the 4th quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after acquiring an additional 1,631,142 shares during the period. Morgan Stanley increased its stake in shares of PGIM Ultra Short Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock worth $820,801,000 after purchasing an additional 203,799 shares in the last quarter. LPL Financial LLC increased its stake in shares of 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. Bank of America Corp DE lifted its stake in shares of PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after buying an additional 215,246 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in PGIM Ultra Short Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock worth $385,530,000 after buying an additional 356,553 shares during the period. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.55 on Thursday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.50 and a fifty-two week high of $49.84. The company has a market capitalization of $17.36 billion, a P/E ratio of -23.82 and a beta of 0.02. The company has a fifty day moving average of $49.62 and a 200 day moving average of $49.63.

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.