Masso Torrence Wealth Management Inc. Makes New $1.16 Million Investment in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Masso Torrence Wealth Management Inc. purchased a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,389 shares of the company’s stock, valued at approximately $1,155,000. PGIM Ultra Short Bond ETF comprises about 0.8% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its holdings in PGIM Ultra Short Bond ETF by 43.0% in the fourth quarter. CWM LLC now owns 2,849 shares of the company’s stock worth $141,000 after buying an additional 856 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in PGIM Ultra Short Bond ETF by 41.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 52,336 shares of the company’s stock worth $2,585,000 after buying an additional 15,453 shares during the last quarter. Beam Wealth Advisors Inc. bought a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $2,938,000. Macroview Investment Management LLC bought a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $49,000. Finally, Capital Analysts LLC bought a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter worth approximately $69,000.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock traded up $0.01 during trading hours on Tuesday, reaching $49.64. The company had a trading volume of 1,036,159 shares, compared to its average volume of 1,240,073. The business has a fifty day moving average price of $49.58 and a 200-day moving average price of $49.50. PGIM Ultra Short Bond ETF has a one year low of $49.12 and a one year high of $49.71.

PGIM Ultra Short Bond ETF Increases Dividend

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

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.