Alpha Zero LLC Purchases New Stake in PGIM Ultra Short Bond ETF $PULS

Alpha Zero LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 1st quarter, Holdings Channel reports. The fund purchased 45,987 shares of the company’s stock, valued at approximately $2,276,000. PGIM Ultra Short Bond ETF accounts for about 1.2% of Alpha Zero LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PULS. JPMorgan Chase & Co. increased its holdings in shares of PGIM Ultra Short Bond ETF by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock valued at $1,954,378,000 after purchasing an additional 1,631,142 shares during the last quarter. Morgan Stanley lifted its stake in shares of PGIM Ultra Short Bond ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 16,551,738 shares of the company’s stock worth $820,801,000 after buying an additional 203,799 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after buying an additional 869,510 shares during the period. Bank of America Corp DE boosted its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after buying an additional 215,246 shares during the period. Finally, Wells Fargo & Company MN grew its stake in PGIM Ultra Short Bond ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,774,354 shares of the company’s stock valued at $385,530,000 after buying an additional 356,553 shares during the last quarter. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Down 0.0%

PGIM Ultra Short Bond ETF stock opened at $49.63 on Tuesday. The stock has a market cap of $17.39 billion, a P/E ratio of -23.86 and a beta of 0.02. PGIM Ultra Short Bond ETF has a twelve month low of $49.50 and a twelve month high of $49.84. The company’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $49.65.

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.