TD Capital Management LLC Increases Stock Position in PGIM Ultra Short Bond ETF $PULS

TD Capital Management LLC grew its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,564 shares of the company’s stock after buying an additional 21,446 shares during the period. TD Capital Management LLC owned approximately 0.05% of PGIM Ultra Short Bond ETF worth $6,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PULS. WBI Investments LLC raised its position in shares of PGIM Ultra Short Bond ETF by 12.5% during the 3rd quarter. WBI Investments LLC now owns 4,541 shares of the company’s stock valued at $226,000 after buying an additional 506 shares in the last quarter. Advisory Services Network LLC grew its position in PGIM Ultra Short Bond ETF by 34.3% in the third quarter. Advisory Services Network LLC now owns 205,806 shares of the company’s stock worth $10,255,000 after acquiring an additional 52,578 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in PGIM Ultra Short Bond ETF by 22.8% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 83,060 shares of the company’s stock valued at $4,139,000 after acquiring an additional 15,448 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in PGIM Ultra Short Bond ETF in the third quarter valued at $348,000. Finally, Vertex Planning Partners LLC increased its stake in PGIM Ultra Short Bond ETF by 3.8% in the third quarter. Vertex Planning Partners LLC now owns 173,108 shares of the company’s stock valued at $8,626,000 after acquiring an additional 6,267 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA PULS opened at $49.64 on Wednesday. The stock’s 50-day simple moving average is $49.69 and its two-hundred day simple moving average is $49.71. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -23.87 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is currently -112.02%.

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.