Envestnet Asset Management Inc. Sells 337,047 Shares of PGIM Ultra Short Bond ETF $PULS

Envestnet Asset Management Inc. reduced its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 30.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 773,444 shares of the company’s stock after selling 337,047 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $38,541,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC grew its position in shares of PGIM Ultra Short Bond ETF by 27.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 348,551 shares of the company’s stock valued at $17,368,000 after purchasing an additional 75,556 shares during the period. Commonwealth Retirement Investments LLC lifted its stake in PGIM Ultra Short Bond ETF by 19.4% in the third quarter. Commonwealth Retirement Investments LLC now owns 75,216 shares of the company’s stock valued at $3,748,000 after buying an additional 12,238 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in shares of PGIM Ultra Short Bond ETF by 29.8% in the third quarter. Money Concepts Capital Corp now owns 7,189 shares of the company’s stock valued at $358,000 after buying an additional 1,649 shares during the period. Guerra Advisors Inc bought a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth $159,000. Finally, Grantvest Financial Group LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth $268,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.68 on Wednesday. The stock has a market capitalization of $13.34 billion, a P/E ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The firm’s fifty day simple moving average is $49.69 and its 200 day simple moving average is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1844 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is currently -112.98%.

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