Clearwave Capital LLC Invests $6.85 Million in PGIM Ultra Short Bond ETF $PULS

Clearwave Capital LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 138,163 shares of the company’s stock, valued at approximately $6,852,000. PGIM Ultra Short Bond ETF makes up about 5.1% of Clearwave Capital LLC’s investment portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. 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 bought a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after buying an additional 513 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter valued at $32,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.65 on Friday. The company’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $49.66. PGIM Ultra Short Bond ETF has a 52 week low of $49.50 and a 52 week high of $49.84. The stock has a market cap of $17.22 billion, a PE ratio of -23.87 and a beta of 0.02.

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. PULS was launched on Apr 5, 2018 and is managed by PGIM.