Prairie Advisory LLC Buys 398,072 Shares of PGIM Ultra Short Bond ETF $PULS

Prairie Advisory LLC increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 124.8% during the third quarter, Holdings Channel.com reports. The firm owned 717,018 shares of the company’s stock after purchasing an additional 398,072 shares during the quarter. PGIM Ultra Short Bond ETF accounts for approximately 4.1% of Prairie Advisory LLC’s holdings, making the stock its 5th largest position. Prairie Advisory LLC’s holdings in PGIM Ultra Short Bond ETF were worth $35,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in PGIM Ultra Short Bond ETF by 22.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,939,651 shares of the company’s stock valued at $244,513,000 after purchasing an additional 918,258 shares during the period. Cetera Investment Advisers increased its position in PGIM Ultra Short Bond ETF by 56.7% in the first quarter. Cetera Investment Advisers now owns 4,739,085 shares of the company’s stock worth $234,585,000 after buying an additional 1,715,376 shares in the last quarter. Kensington Asset Management LLC increased its position in PGIM Ultra Short Bond ETF by 103.2% in the first 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 in the last quarter. Royal Bank of Canada raised its stake in shares of PGIM Ultra Short Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 2,441,278 shares of the company’s stock worth $120,844,000 after buying an additional 59,415 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 56.8% in the second quarter. NewEdge Advisors LLC now owns 2,049,668 shares of the company’s stock worth $101,561,000 after buying an additional 742,333 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock traded up $0.01 during trading hours on Monday, reaching $49.58. 1,594,438 shares of the company traded hands, compared to its average volume of 2,875,674. PGIM Ultra Short Bond ETF has a 12-month low of $49.45 and a 12-month high of $49.83. The company has a market cap of $19.70 billion, a P/E ratio of -23.83 and a beta of 0.02. The firm has a 50-day moving average price of $49.59 and a 200 day moving average price of $49.61.

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.