PGIM Ultra Short Bond ETF $PULS Shares Acquired by Syon Capital LLC

Syon Capital LLC grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 90.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,525 shares of the company’s stock after buying an additional 29,779 shares during the quarter. Syon Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,116,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Focus Partners Wealth grew its holdings in PGIM Ultra Short Bond ETF by 318.3% during the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after acquiring an additional 17,394 shares during the period. Avidian Wealth Enterprises LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at about $501,000. Brookstone Capital Management grew its stake in shares of PGIM Ultra Short Bond ETF by 127.8% in the 2nd quarter. Brookstone Capital Management now owns 161,291 shares of the company’s stock worth $8,026,000 after purchasing an additional 90,495 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth approximately $1,319,000. Finally, Caliber Wealth Management LLC KS lifted its stake in PGIM Ultra Short Bond ETF by 18.2% during the second quarter. Caliber Wealth Management LLC KS now owns 150,280 shares of the company’s stock valued at $7,478,000 after purchasing an additional 23,107 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.72 on Wednesday. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.84. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of -23.90 and a beta of 0.01. The stock’s fifty day simple moving average is $49.70 and its 200 day simple moving average is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued 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 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.