TD Capital Management LLC Acquires 21,446 Shares of PGIM Ultra Short Bond ETF $PULS

TD Capital Management LLC grew its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 18.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 139,564 shares of the company’s stock after acquiring an additional 21,446 shares during the quarter. TD Capital Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. TradeWell Securities LLC. grew its holdings in shares of PGIM Ultra Short Bond ETF by 1.0% during the 2nd quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock valued at $1,110,000 after purchasing an additional 216 shares during the last quarter. JT Stratford LLC lifted its stake in PGIM Ultra Short Bond ETF by 2.3% in the third quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock worth $501,000 after purchasing an additional 222 shares during the last quarter. Focus Financial Network Inc. lifted its stake in PGIM Ultra Short Bond ETF by 3.6% in the third quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock worth $331,000 after purchasing an additional 231 shares during the last quarter. Cedar Point Capital Partners LLC boosted its position in PGIM Ultra Short Bond ETF by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock valued at $279,000 after buying an additional 237 shares during the period. Finally, Trilogy Capital Inc. boosted its position in PGIM Ultra Short Bond ETF by 1.5% during the third quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock valued at $834,000 after buying an additional 248 shares during the period. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PULS opened at $49.64 on Wednesday. The stock has a market capitalization of $14.29 billion, a P/E ratio of -23.87 and a beta of 0.01. The stock’s 50-day moving average price is $49.69 and its 200-day moving average price is $49.71. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 and a 12-month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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

PGIM Ultra Short Bond ETF Company 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.