PGIM Ultra Short Bond ETF (NYSEARCA:PULS) Sees Unusually-High Trading Volume

PGIM Ultra Short Bond ETF (NYSEARCA:PULS) saw unusually-strong trading volume on Monday . Approximately 1,284,067 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 1,238,460 shares.The stock last traded at $49.69 and had previously closed at $49.67.

PGIM Ultra Short Bond ETF Price Performance

The stock’s 50 day moving average price is $49.59 and its 200-day moving average price is $49.51.

PGIM Ultra Short Bond ETF Increases Dividend

The business 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 boost from PGIM Ultra Short Bond ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, April 1st.

Hedge Funds Weigh In On PGIM Ultra Short Bond ETF

Several institutional investors have recently bought and sold shares of PULS. FMR LLC grew its stake in PGIM Ultra Short Bond ETF by 34,882,000.0% during the third quarter. FMR LLC now owns 7,674,062 shares of the company’s stock valued at $379,789,000 after acquiring an additional 7,674,040 shares in the last quarter. Norden Group LLC grew its stake in PGIM Ultra Short Bond ETF by 6,082.2% during the first quarter. Norden Group LLC now owns 3,152,844 shares of the company’s stock valued at $156,697,000 after acquiring an additional 3,101,845 shares in the last quarter. Morgan Stanley grew its stake in shares of PGIM Ultra Short Bond ETF by 21.1% in the 3rd quarter. Morgan Stanley now owns 8,686,716 shares of the company’s stock worth $429,906,000 after buying an additional 1,514,744 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 221.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,229,651 shares of the company’s stock worth $60,855,000 after buying an additional 847,461 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of PGIM Ultra Short Bond ETF by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,692,887 shares of the company’s stock worth $1,123,071,000 after buying an additional 829,290 shares in the last quarter.

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.