PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Large Volume Increase

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) shares saw unusually-high trading volume on Tuesday . Approximately 1,468,202 shares traded hands during trading, an increase of 5% from the previous session’s volume of 1,404,479 shares.The stock last traded at $49.56 and had previously closed at $49.77.

PGIM Ultra Short Bond ETF Stock Performance

The firm has a fifty day moving average price of $49.62 and a 200 day moving average price of $49.61.

Institutional Investors Weigh In On PGIM Ultra Short Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter worth approximately $4,787,000. Heritage Oak Wealth Advisors LLC bought a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at $8,350,000. Founders Financial Alliance LLC raised its position in shares of PGIM Ultra Short Bond ETF by 3.2% during the 2nd quarter. Founders Financial Alliance LLC now owns 144,635 shares of the company’s stock valued at $7,188,000 after acquiring an additional 4,514 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of PGIM Ultra Short Bond ETF by 84.1% in the 2nd quarter. Cetera Investment Advisers now owns 1,111,646 shares of the company’s stock valued at $55,249,000 after purchasing an additional 507,868 shares during the period. Finally, Gateway Wealth Partners LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth $1,021,000.

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.