Main Street Group LTD Raises Stock Position in PGIM Ultra Short Bond ETF $PULS

Main Street Group LTD grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 691,820 shares of the company’s stock after purchasing an additional 10,615 shares during the period. PGIM Ultra Short Bond ETF makes up 10.1% of Main Street Group LTD’s investment portfolio, making the stock its 3rd biggest holding. Main Street Group LTD owned about 0.27% of PGIM Ultra Short Bond ETF worth $34,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management acquired a new position in PGIM Ultra Short Bond ETF during the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 667.4% during the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after purchasing an additional 594 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth approximately $44,000. Pinnacle Bancorp Inc. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 102.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after purchasing an additional 551 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in PGIM Ultra Short Bond ETF in the 3rd quarter valued at $72,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.1%

PULS opened at $49.72 on Friday. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84. The company has a market cap of $13.35 billion, a price-to-earnings ratio of -23.90 and a beta of 0.01. The company’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1844 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. PGIM Ultra Short Bond ETF’s payout ratio is -112.98%.

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. PULS was launched on Apr 5, 2018 and is managed by PGIM.