Summit Global Investments Lowers Stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Summit Global Investments lessened its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 275,086 shares of the company’s stock after selling 60,587 shares during the quarter. PGIM Ultra Short Bond ETF comprises 0.9% of Summit Global Investments’ holdings, making the stock its 24th largest position. Summit Global Investments’ holdings in PGIM Ultra Short Bond ETF were worth $13,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new stake in PGIM Ultra Short Bond ETF during the 3rd quarter valued at $101,000. Vickerman Investment Advisors Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 22.7% during the third quarter. Vickerman Investment Advisors Inc. now owns 737,194 shares of the company’s stock valued at $36,698,000 after buying an additional 136,332 shares during the period. Armor Investment Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 1.0% in the third quarter. Armor Investment Advisors LLC now owns 59,874 shares of the company’s stock valued at $2,981,000 after acquiring an additional 575 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in PGIM Ultra Short Bond ETF by 69.5% in the third quarter. Ameritas Advisory Services LLC now owns 336,405 shares of the company’s stock worth $16,746,000 after acquiring an additional 137,979 shares during the period. Finally, IAG Wealth Partners LLC grew its holdings in PGIM Ultra Short Bond ETF by 6.5% during the 3rd quarter. IAG Wealth Partners LLC now owns 221,471 shares of the company’s stock worth $11,025,000 after acquiring an additional 13,512 shares in the last quarter.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.63 on Friday. The company’s 50-day simple moving average is $49.67 and its two-hundred day simple moving average is $49.64. PGIM Ultra Short Bond ETF has a one year low of $48.47 and a one year high of $49.81.

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.