IFG Advisory LLC Raises Stock Position in PGIM Ultra Short Bond ETF $PULS

IFG Advisory LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,075 shares of the company’s stock after acquiring an additional 33,491 shares during the quarter. IFG Advisory LLC owned about 0.07% of PGIM Ultra Short Bond ETF worth $9,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after purchasing an additional 4,065,547 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after buying an additional 2,999,297 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after buying an additional 1,647,341 shares during the period. PNC Financial Services Group Inc. lifted its position in PGIM Ultra Short Bond ETF by 11.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after acquiring an additional 396,495 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in PGIM Ultra Short Bond ETF by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after acquiring an additional 49,798 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Down 0.0%

Shares of NYSEARCA:PULS opened at $49.59 on Thursday. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -23.84 and a beta of 0.01. The company has a 50 day moving average of $49.70 and a two-hundred 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 company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1654 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is -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.