Pineridge Advisors LLC Invests $790,000 in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Pineridge Advisors LLC bought a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 15,988 shares of the company’s stock, valued at approximately $790,000. PGIM Ultra Short Bond ETF accounts for 0.3% of Pineridge Advisors LLC’s holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 11.1% in the 4th quarter. Centaurus Financial Inc. now owns 3,038 shares of the company’s stock worth $150,000 after purchasing an additional 303 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 38.2% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,277 shares of the company’s stock worth $63,000 after purchasing an additional 353 shares during the period. Main Street Financial Solutions LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 3.5% in the 4th quarter. Main Street Financial Solutions LLC now owns 11,408 shares of the company’s stock worth $563,000 after purchasing an additional 390 shares during the period. TD Capital Management LLC purchased a new position in PGIM Ultra Short Bond ETF during the 4th quarter valued at $26,000. Finally, Excalibur Management Corp boosted its holdings in PGIM Ultra Short Bond ETF by 11.4% during the 3rd quarter. Excalibur Management Corp now owns 5,232 shares of the company’s stock valued at $259,000 after acquiring an additional 537 shares during the period.

PGIM Ultra Short Bond ETF Price Performance

PULS traded up $0.02 during trading hours on Friday, reaching $49.62. 1,152,174 shares of the company’s stock traded hands, compared to its average volume of 1,296,691. The firm has a 50-day moving average price of $49.61 and a 200 day moving average price of $49.56. PGIM Ultra Short Bond ETF has a 52-week low of $48.47 and a 52-week high of $49.75.

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.