SouthState Bank Corp Sells 17,082 Shares of PGIM Ultra Short Bond ETF $PULS

SouthState Bank Corp lowered its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,167 shares of the company’s stock after selling 17,082 shares during the quarter. SouthState Bank Corp’s holdings in PGIM Ultra Short Bond ETF were worth $1,254,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of PGIM Ultra Short Bond ETF in the second quarter worth about $31,000. Legacy Wealth Managment LLC ID bought a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter valued at approximately $44,000. Pinnacle Bancorp Inc. increased its holdings 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 valued at $54,000 after purchasing an additional 551 shares in the last quarter. Root Financial Partners LLC bought a new position in PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $72,000. Finally, TD Waterhouse Canada Inc. acquired a new position in PGIM Ultra Short Bond ETF during the 3rd quarter worth $133,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.65 on Friday. The business’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $49.72. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of -23.87 and a beta of 0.01. 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 disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1844 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s payout ratio is currently -112.98%.

About PGIM Ultra Short Bond ETF

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.