Summit Global Investments Has $13.53 Million Stock Position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Summit Global Investments lessened its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 273,104 shares of the company’s stock after selling 1,982 shares during the quarter. PGIM Ultra Short Bond ETF accounts for about 0.8% of Summit Global Investments’ investment portfolio, making the stock its 23rd largest holding. Summit Global Investments’ holdings in PGIM Ultra Short Bond ETF were worth $13,532,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PULS. JPMorgan Chase & Co. boosted its stake in PGIM Ultra Short Bond ETF by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 25,309,440 shares of the company’s stock valued at $1,259,904,000 after acquiring an additional 989,710 shares during the last quarter. LPL Financial LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 0.9% in the 3rd quarter. LPL Financial LLC now owns 6,156,917 shares of the company’s stock worth $306,491,000 after purchasing an additional 56,803 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of PGIM Ultra Short Bond ETF in the 4th quarter worth $175,082,000. Raymond James Financial Inc. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the fourth quarter worth $156,689,000. Finally, PNC Financial Services Group Inc. increased its holdings in PGIM Ultra Short Bond ETF by 17.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,652,274 shares of the company’s stock valued at $131,420,000 after purchasing an additional 398,260 shares during the last quarter.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.66 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $48.47 and a 1 year high of $49.81. The stock’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $49.66.

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.