Summit Global Investments Sells 18,545 Shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Summit Global Investments lessened its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 756,920 shares of the company’s stock after selling 18,545 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 2.4% of Summit Global Investments’ portfolio, making the stock its 5th biggest holding. Summit Global Investments’ holdings in PGIM Ultra Short Bond ETF were worth $37,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PULS. BKM Wealth Management LLC acquired a new position in PGIM Ultra Short Bond ETF in the fourth quarter valued at about $49,000. Macroview Investment Management LLC acquired a new position in PGIM Ultra Short Bond ETF in the fourth quarter valued at about $49,000. Pinnacle Bancorp Inc. lifted its position in PGIM Ultra Short Bond ETF by 38.2% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,277 shares of the company’s stock valued at $63,000 after buying an additional 353 shares during the last quarter. Capital Analysts LLC purchased a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth about $69,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in PGIM Ultra Short Bond ETF during the third quarter worth about $134,000.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA:PULS remained flat at $49.50 on Thursday. 1,511,979 shares of the company’s stock were exchanged, compared to its average volume of 1,283,599. The business has a 50-day simple moving average of $49.59 and a two-hundred day simple moving average of $49.51. PGIM Ultra Short Bond ETF has a one year low of $49.13 and a one year high of $49.71.

PGIM Ultra Short Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.2443 per share. This is a positive change from PGIM Ultra Short Bond ETF’s previous dividend of $0.23. The ex-dividend date was Monday, April 1st.

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.