Envestnet Asset Management Inc. Has $28.54 Million Stock Position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Envestnet Asset Management Inc. reduced its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,874 shares of the company’s stock after selling 224,857 shares during the period. Envestnet Asset Management Inc. owned approximately 0.42% of PGIM Ultra Short Bond ETF worth $28,535,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PULS. JPMorgan Chase & Co. lifted its position in PGIM Ultra Short Bond ETF by 12.0% in the 4th quarter. JPMorgan Chase & Co. now owns 28,337,110 shares of the company’s stock valued at $1,404,104,000 after acquiring an additional 3,027,670 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 51.9% in the fourth quarter. Prudential Financial Inc. now owns 22,115,385 shares of the company’s stock worth $1,095,927,000 after purchasing an additional 7,560,005 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 11.7% in the fourth quarter. LPL Financial LLC now owns 6,876,078 shares of the company’s stock valued at $340,710,000 after purchasing an additional 719,161 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of PGIM Ultra Short Bond ETF by 31.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,134,577 shares of the company’s stock valued at $254,418,000 after buying an additional 1,227,633 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth $175,082,000.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.41 on Friday. The stock’s fifty day simple moving average is $49.61 and its two-hundred day simple moving average is $49.65. PGIM Ultra Short Bond ETF has a 1-year low of $48.47 and a 1-year 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.