PGIM Ultra Short Bond ETF $PULS Holdings Raised by IFG Advisory LLC

IFG Advisory LLC increased its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,075 shares of the company’s stock after purchasing an additional 33,491 shares during the quarter. IFG Advisory LLC’s holdings in PGIM Ultra Short Bond ETF were worth $9,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management bought a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter worth about $31,000. Rossby Financial LCC acquired a new stake in PGIM Ultra Short Bond ETF during the third quarter worth about $31,000. Assetmark Inc. raised its stake in 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 acquiring an additional 594 shares during the period. Legacy Wealth Managment LLC ID bought a new position in PGIM Ultra Short Bond ETF in the second quarter worth about $44,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 102.2% in the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.0%

NYSEARCA:PULS opened at $49.59 on Thursday. The firm has a market capitalization of $14.15 billion, a PE ratio of -23.84 and a beta of 0.01. The stock has a 50 day moving average of $49.70 and a 200-day moving average of $49.72. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is presently -112.02%.

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.