HighTower Advisors LLC Boosts Stake in PGIM Ultra Short Bond ETF $PULS

HighTower Advisors LLC lifted its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,047 shares of the company’s stock after purchasing an additional 38,866 shares during the period. HighTower Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $11,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in PGIM Ultra Short Bond ETF during the second quarter worth approximately $31,000. Assetmark Inc. raised its stake 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 buying an additional 594 shares during the period. Legacy Wealth Managment LLC ID purchased a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at approximately $44,000. Pinnacle Bancorp Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 102.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $54,000 after buying an additional 551 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock opened at $49.75 on Friday. The stock has a market capitalization of $13.35 billion, a P/E ratio of -23.92 and a beta of 0.01. The company’s fifty day moving average price is $49.70 and its 200 day moving average price is $49.72. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1844 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. PGIM Ultra Short Bond ETF’s 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.