Howard Financial Services LTD. Makes New Investment in PGIM Ultra Short Bond ETF $PULS

Howard Financial Services LTD. purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,224 shares of the company’s stock, valued at approximately $901,000.

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers raised its position in PGIM Ultra Short Bond ETF by 56.7% during the 1st quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after purchasing an additional 1,715,376 shares during the last quarter. Kensington Asset Management LLC lifted its holdings in PGIM Ultra Short Bond ETF by 103.2% during the 1st quarter. Kensington Asset Management LLC now owns 3,226,778 shares of the company’s stock worth $159,726,000 after buying an additional 1,638,630 shares during the period. PNC Financial Services Group Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 22.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after buying an additional 918,258 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of PGIM Ultra Short Bond ETF by 56.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock valued at $101,561,000 after buying an additional 742,333 shares during the last quarter. Finally, Persium Advisors LLC bought a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at about $30,569,000. 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 $49.55 on Thursday. The stock’s 50 day moving average is $49.59 and its 200 day moving average is $49.61. The firm has a market cap of $19.66 billion, a P/E ratio of -23.82 and a beta of 0.02. PGIM Ultra Short Bond ETF has a one year low of $49.45 and a one year high of $49.83.

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.