Geneos Wealth Management Inc. Reduces Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Geneos Wealth Management Inc. reduced its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,858 shares of the company’s stock after selling 53,916 shares during the period. Geneos Wealth Management Inc. owned 0.13% of PGIM Ultra Short Bond ETF worth $19,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PULS. Sigma Planning Corp raised its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the 1st quarter. Sigma Planning Corp now owns 80,267 shares of the company’s stock valued at $3,973,000 after buying an additional 1,547 shares during the period. Anchor Investment Management LLC purchased a new stake in PGIM Ultra Short Bond ETF in the first quarter valued at $25,000. Diversify Wealth Management LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 80.7% in the 1st quarter. Diversify Wealth Management LLC now owns 391,680 shares of the company’s stock valued at $19,463,000 after purchasing an additional 174,867 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 47.7% during the 1st quarter. Valmark Advisers Inc. now owns 69,201 shares of the company’s stock worth $3,425,000 after purchasing an additional 22,350 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of PGIM Ultra Short Bond ETF by 2,294.6% during the 1st quarter. Fifth Third Bancorp now owns 278,538 shares of the company’s stock worth $13,788,000 after purchasing an additional 266,906 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PULS opened at $49.62 on Thursday. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 12-month low of $49.50 and a 12-month high of $49.84. The business has a 50-day moving average price of $49.62 and a 200 day moving average price of $49.65.

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.