Acumen Wealth Advisors LLC Purchases 62,562 Shares of PGIM Ultra Short Bond ETF $PULS

Acumen Wealth Advisors LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2,724.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 64,858 shares of the company’s stock after acquiring an additional 62,562 shares during the period. Acumen Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Spinnaker Investment Group LLC boosted its stake in PGIM Ultra Short Bond ETF by 3.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after acquiring an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 9.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 4,202 shares of the company’s stock worth $208,000 after purchasing an additional 361 shares during the period. Captrust Financial Advisors increased its holdings in PGIM Ultra Short Bond ETF by 2.0% in the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after purchasing an additional 361 shares during the last quarter. Friedenthal Financial lifted its stake in PGIM Ultra Short Bond ETF by 2.0% in the first quarter. Friedenthal Financial now owns 19,046 shares of the company’s stock valued at $943,000 after buying an additional 377 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its stake in PGIM Ultra Short Bond ETF by 3.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 12,489 shares of the company’s stock valued at $622,000 after buying an additional 396 shares during the period. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of PULS opened at $49.65 on Wednesday. The stock has a market cap of $17.40 billion, a P/E ratio of -23.87 and a beta of 0.02. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The stock’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $49.65.

PGIM Ultra Short Bond ETF 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.