Smartleaf Asset Management LLC Acquires Shares of 11,970 PGIM Ultra Short Bond ETF $PULS

Smartleaf Asset Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the third quarter, Holdings Channel reports. The institutional investor bought 11,970 shares of the company’s stock, valued at approximately $596,000.

Several other hedge funds have also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in PGIM Ultra Short Bond ETF in the 2nd quarter worth about $31,000. Legacy Wealth Managment LLC ID purchased a new position in shares of PGIM Ultra Short Bond ETF in the second quarter valued at approximately $44,000. Pinnacle Bancorp Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 102.2% in the third 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. Root Financial Partners LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter worth approximately $72,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth approximately $133,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.68 on Wednesday. The business has a fifty day moving average price of $49.69 and a 200 day moving average price of $49.72. The company has a market cap of $13.34 billion, a P/E ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1844 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. PGIM Ultra Short Bond ETF’s payout ratio is presently -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.