Syon Capital LLC Buys 29,779 Shares of PGIM Ultra Short Bond ETF $PULS

Syon Capital LLC lifted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 90.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,525 shares of the company’s stock after purchasing an additional 29,779 shares during the period. Syon Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,116,000 as of its most recent SEC filing.

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

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.72 on Wednesday. The firm has a market cap of $13.35 billion, a PE ratio of -23.90 and a beta of 0.01. The firm’s fifty day moving average is $49.70 and its 200 day moving average is $49.72. 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 business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.1844 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -112.98%.

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.