Grant GrossMendelsohn LLC Lowers Stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Grant GrossMendelsohn LLC decreased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,915 shares of the company’s stock after selling 2,571 shares during the quarter. PGIM Ultra Short Bond ETF comprises 1.6% of Grant GrossMendelsohn LLC’s holdings, making the stock its 21st biggest position. Grant GrossMendelsohn LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,984,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in PGIM Ultra Short Bond ETF in the 3rd quarter valued at $33,000. Hara Capital LLC acquired a new position in PGIM Ultra Short Bond ETF in the third quarter valued at $101,000. MidAtlantic Capital Management Inc. purchased a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $152,000. Kovack Advisors Inc. acquired a new stake in PGIM Ultra Short Bond ETF in the 3rd quarter worth about $209,000. Finally, Discipline Wealth Solutions LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $214,000.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.67 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $48.47 and a 1 year high of $49.81. The company’s 50 day simple moving average is $49.66 and its 200 day simple moving average is $49.65.

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.