Avestar Capital LLC Lowers Stock Holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Avestar Capital LLC cut its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 46.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,955 shares of the company’s stock after selling 129,383 shares during the period. PGIM Ultra Short Bond ETF comprises about 0.8% of Avestar Capital LLC’s holdings, making the stock its 27th largest holding. Avestar Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $7,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 22.5% in the second quarter. LPL Financial LLC now owns 6,100,114 shares of the company’s stock valued at $303,176,000 after acquiring an additional 1,122,069 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $33,543,000. Cetera Investment Advisers boosted its holdings 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 worth $30,008,000 after purchasing an additional 542,915 shares during the last quarter. Point72 Italy S.r.l. acquired a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at about $25,128,000. Finally, Envestnet Asset Management Inc. raised its stake in 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 purchasing an additional 417,210 shares during the period.

PGIM Ultra Short Bond ETF Trading Up 0.0 %

Shares of NYSEARCA:PULS opened at $49.75 on Tuesday. PGIM Ultra Short Bond ETF has a 1 year low of $48.47 and a 1 year high of $49.81. The stock has a 50-day simple moving average of $49.68 and a 200-day simple moving average of $49.65.

PGIM Ultra Short Bond ETF Profile

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.