PGIM Ultra Short Bond ETF $PULS Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 310,671 shares of the company’s stock after acquiring an additional 14,266 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PGIM Ultra Short Bond ETF were worth $15,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF during the third quarter worth $30,000. Rossby Financial LCC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 513 shares during the last quarter. Assetmark Inc. raised its holdings in shares of PGIM Ultra Short Bond ETF by 667.4% during 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 period. Finally, Blue Trust Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 100,000.0% during the 4th quarter. Blue Trust Inc. now owns 1,001 shares of the company’s stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.54 on Friday. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 and a 12-month high of $49.84. The firm has a 50-day moving average price of $49.66 and a 200 day moving average price of $49.70. The firm has a market capitalization of $14.54 billion, a P/E ratio of -23.82 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1654 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s payout ratio is presently -111.06%.

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.