Acorn Wealth Advisors LLC Has $4.71 Million Position in PGIM Ultra Short Bond ETF $PULS

Acorn Wealth Advisors LLC raised its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 94,684 shares of the company’s stock after acquiring an additional 10,526 shares during the quarter. PGIM Ultra Short Bond ETF comprises 1.8% of Acorn Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Acorn Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $4,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BankPlus Wealth Management LLC increased its holdings in shares of PGIM Ultra Short Bond ETF by 8.8% during the 2nd quarter. BankPlus Wealth Management LLC now owns 4,692 shares of the company’s stock valued at $233,000 after acquiring an additional 381 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in PGIM Ultra Short Bond ETF by 3.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,748 shares of the company’s stock worth $634,000 after purchasing an additional 398 shares during the last quarter. Genesis Private Wealth LLC boosted its position in PGIM Ultra Short Bond ETF by 1.2% during the second quarter. Genesis Private Wealth LLC now owns 45,929 shares of the company’s stock worth $2,285,000 after purchasing an additional 540 shares during the period. Perigon Wealth Management LLC grew its holdings in PGIM Ultra Short Bond ETF by 0.6% during the second quarter. Perigon Wealth Management LLC now owns 92,538 shares of the company’s stock valued at $4,605,000 after purchasing an additional 546 shares during the last quarter. Finally, Trilogy Capital Inc. grew its holdings in PGIM Ultra Short Bond ETF by 3.8% during the second quarter. Trilogy Capital Inc. now owns 16,490 shares of the company’s stock valued at $821,000 after purchasing an additional 608 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of PGIM Ultra Short Bond ETF stock opened at $49.66 on Tuesday. The firm has a fifty day simple moving average of $49.72 and a 200-day simple moving average of $49.71. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84.

PGIM Ultra Short Bond ETF Company 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.