Koshinski Asset Management Inc. Cuts Stake in PGIM Ultra Short Bond ETF $PULS

by · The Markets Daily

Koshinski Asset Management Inc. lessened its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report) by 44.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,356 shares of the company’s stock after selling 14,924 shares during the period. Koshinski Asset Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $909,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PULS. Bank of America Corp DE raised its position in PGIM Ultra Short Bond ETF by 17.8% in the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after purchasing an additional 1,647,341 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of PGIM Ultra Short Bond ETF by 4.3% during the fourth quarter. JPMorgan Chase & Co. now owns 39,410,722 shares of the company’s stock worth $1,954,378,000 after buying an additional 1,631,142 shares during the period. Ameriprise Financial Inc. raised its holdings in PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after acquiring an additional 942,934 shares in the last quarter. LPL Financial LLC lifted its stake in PGIM Ultra Short Bond ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 11,148,152 shares of the company’s stock worth $552,837,000 after acquiring an additional 869,510 shares during the last quarter. Finally, Blue Water Asset Management acquired a new position in PGIM Ultra Short Bond ETF during the 4th quarter worth approximately $40,936,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS traded up $0.01 during trading hours on Tuesday, reaching $49.59. The stock had a trading volume of 261,356 shares, compared to its average volume of 2,770,481. PGIM Ultra Short Bond ETF has a 1 year low of $49.50 and a 1 year high of $49.84. The firm’s 50 day moving average is $49.63 and its 200-day moving average is $49.65. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of -23.84 and a beta of 0.02.

PGIM Ultra Short Bond ETF Profile

(Free Report)

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. PULS was launched on Apr 5, 2018 and is managed by PGIM.

Further Reading

Want to see what other hedge funds are holding PULS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM Ultra Short Bond ETF (NYSEARCA:PULS – Free Report).