Spire Wealth Management Increases Holdings in PGIM Ultra Short Bond ETF $PULS

Spire Wealth Management increased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7,574.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,410 shares of the company’s stock after purchasing an additional 86,271 shares during the quarter. Spire Wealth Management’s holdings in PGIM Ultra Short Bond ETF were worth $4,335,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new position in PGIM Ultra Short Bond ETF during the 3rd quarter worth approximately $30,000. Rossby Financial LCC purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at $31,000. Assetmark Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after acquiring an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. increased 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 period. Finally, Aventura Private Wealth LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.66 on Monday. The stock has a market cap of $14.51 billion, a PE ratio of -23.88 and a beta of 0.01. The firm has a fifty day moving average price of $49.68 and a 200 day moving average price of $49.71. 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 disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1654 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -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.