Lakeshore Financial Planning Inc. Grows Holdings in PGIM Ultra Short Bond ETF $PULS

Lakeshore Financial Planning Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 732,162 shares of the company’s stock after buying an additional 92,325 shares during the period. PGIM Ultra Short Bond ETF makes up approximately 13.5% of Lakeshore Financial Planning Inc.’s holdings, making the stock its 2nd largest holding. Lakeshore Financial Planning Inc. owned approximately 0.29% of PGIM Ultra Short Bond ETF worth $36,484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PULS. Rossby Financial LCC bought a new position in PGIM Ultra Short Bond ETF during the third quarter valued at $31,000. Assetmark Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings 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 acquiring an additional 551 shares during the last quarter. Spire Wealth Management boosted its stake in shares of PGIM Ultra Short Bond ETF by 83.7% during the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 519 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth about $72,000. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PULS opened at $49.62 on Tuesday. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -23.86 and a beta of 0.01. The firm’s 50-day moving average is $49.69 and its 200 day moving average is $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1654 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s payout ratio is -112.02%.

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