PGIM Ultra Short Bond ETF $PULS is Lakeshore Financial Planning Inc.’s 2nd Largest Position

Lakeshore Financial Planning Inc. raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 732,162 shares of the company’s stock after buying an additional 92,325 shares during the period. PGIM Ultra Short Bond ETF makes up approximately 13.5% of Lakeshore Financial Planning Inc.’s holdings, making the stock its 2nd biggest holding. Lakeshore Financial Planning Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $36,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TradeWell Securities LLC. lifted its position in shares of PGIM Ultra Short Bond ETF by 1.0% during the second quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock worth $1,110,000 after purchasing an additional 216 shares during the last quarter. JT Stratford LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 2.3% during the third quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock valued at $501,000 after purchasing an additional 222 shares during the period. Focus Financial Network Inc. boosted its stake in shares of PGIM Ultra Short Bond ETF by 3.6% during the third quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock valued at $331,000 after purchasing an additional 231 shares during the period. Cedar Point Capital Partners LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock worth $279,000 after purchasing an additional 237 shares during the last quarter. Finally, Trilogy Capital Inc. increased its stake in PGIM Ultra Short Bond ETF by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock worth $834,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.62 on Tuesday. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The firm’s 50-day moving average is $49.69 and its 200 day moving average is $49.71. The company has a market capitalization of $14.29 billion, a PE ratio of -23.86 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.1654 dividend. 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 currently -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.