Acorn Wealth Advisors LLC Sells 12,814 Shares of PGIM Ultra Short Bond ETF $PULS

Acorn Wealth Advisors LLC reduced its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 14.1% during the fourth quarter, HoldingsChannel reports. The firm owned 77,970 shares of the company’s stock after selling 12,814 shares during the period. PGIM Ultra Short Bond ETF comprises approximately 1.2% of Acorn Wealth Advisors LLC’s portfolio, making the stock its 18th largest holding. Acorn Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,867,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PULS. Sound Income Strategies LLC lifted its position in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares during the period. Turim 21 Investimentos Ltda. acquired a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $30,000. Rossby Financial LCC acquired a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new position in shares of PGIM Ultra Short Bond ETF during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Down 0.3%

PGIM Ultra Short Bond ETF stock opened at $49.56 on Friday. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month high of $49.84. The firm’s fifty day moving average is $49.63 and its 200 day moving average is $49.67. The company has a market capitalization of $14.54 billion, a PE ratio of -23.83 and a beta of 0.02.

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.