Inspire Advisors LLC Sells 146,536 Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Inspire Advisors LLC decreased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 65.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 77,418 shares of the company’s stock after selling 146,536 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 0.5% of Inspire Advisors LLC’s portfolio, making the stock its 23rd largest position. Inspire Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PULS. Norden Group LLC increased its position in shares of PGIM Ultra Short Bond ETF by 6,082.2% in the first quarter. Norden Group LLC now owns 3,152,844 shares of the company’s stock worth $156,697,000 after purchasing an additional 3,101,845 shares during the period. LPL Financial LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 22.5% during the second quarter. LPL Financial LLC now owns 6,100,114 shares of the company’s stock valued at $303,176,000 after purchasing an additional 1,122,069 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of PGIM Ultra Short Bond ETF by 892.0% during the first quarter. Cetera Investment Advisers now owns 603,778 shares of the company’s stock valued at $30,008,000 after purchasing an additional 542,915 shares in the last quarter. Point72 Italy S.r.l. bought a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth about $25,128,000. Finally, Envestnet Asset Management Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 102.0% during the second quarter. Envestnet Asset Management Inc. now owns 826,149 shares of the company’s stock worth $41,060,000 after acquiring an additional 417,210 shares during the last quarter.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS traded up $0.02 during mid-day trading on Friday, reaching $49.72. 307,745 shares of the company were exchanged, compared to its average volume of 1,510,465. The business has a 50 day simple moving average of $49.67 and a two-hundred day simple moving average of $49.63. PGIM Ultra Short Bond ETF has a 52 week low of $48.47 and a 52 week 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.