Merit Financial Group LLC Sells 10,193 Shares of PGIM Ultra Short Bond ETF $PULS

Merit Financial Group LLC lowered its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 58.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,214 shares of the company’s stock after selling 10,193 shares during the period. Merit Financial Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $359,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC lifted its position in shares of PGIM Ultra Short Bond ETF by 1.1% during the third quarter. MFA Wealth Advisors LLC now owns 96,509 shares of the company’s stock worth $4,809,000 after acquiring an additional 1,057 shares in the last quarter. Tripletail Wealth Management LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 35.1% during the 3rd quarter. Tripletail Wealth Management LLC now owns 34,607 shares of the company’s stock valued at $1,719,000 after purchasing an additional 8,998 shares during the period. AFG Fiduciary Services Limited Partnership lifted its holdings in PGIM Ultra Short Bond ETF by 9.8% during the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 224,313 shares of the company’s stock worth $11,139,000 after purchasing an additional 19,993 shares in the last quarter. Smallwood Wealth Investment Management LLC boosted its stake in PGIM Ultra Short Bond ETF by 10.1% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 103,141 shares of the company’s stock worth $5,140,000 after purchasing an additional 9,452 shares during the period. Finally, Sheets Smith Wealth Management grew its holdings in PGIM Ultra Short Bond ETF by 33.6% during the 3rd quarter. Sheets Smith Wealth Management now owns 133,868 shares of the company’s stock valued at $6,671,000 after buying an additional 33,698 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of PULS opened at $49.66 on Friday. The business’s 50-day moving average price is $49.70 and its 200-day moving average price is $49.71. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The stock has a market cap of $13.33 billion, a PE ratio of -23.88 and a beta of 0.01.

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.