NewEdge Wealth LLC Increases Stake in PGIM Ultra Short Bond ETF $PULS

NewEdge Wealth LLC grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 453,468 shares of the company’s stock after purchasing an additional 112,724 shares during the quarter. NewEdge Wealth LLC’s holdings in PGIM Ultra Short Bond ETF were worth $22,515,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management purchased a new stake in PGIM Ultra Short Bond ETF during the 2nd quarter valued at $31,000. Assetmark Inc. increased its holdings in PGIM Ultra Short Bond ETF by 667.4% during the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after purchasing an additional 594 shares during the period. Legacy Wealth Managment LLC ID purchased a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $44,000. Pinnacle Bancorp Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 102.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after buying an additional 551 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $72,000. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.72 on Thursday. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of -23.90 and a beta of 0.01. The stock has a fifty day moving average of $49.70 and a 200 day moving average of $49.72. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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

PGIM Ultra Short Bond ETF Company 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.