PGIM Ultra Short Bond ETF $PULS Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC grew its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,134 shares of the company’s stock after buying an additional 22,159 shares during the period. Nilsine Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $4,172,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Focus Partners Wealth lifted its stake in shares of PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares during the period. AMJ Financial Wealth Management boosted its position in shares of PGIM Ultra Short Bond ETF by 144.3% in the second quarter. AMJ Financial Wealth Management now owns 447,950 shares of the company’s stock worth $22,290,000 after buying an additional 264,560 shares during the period. IAG Wealth Partners LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 11.7% in the second quarter. IAG Wealth Partners LLC now owns 412,988 shares of the company’s stock valued at $20,550,000 after buying an additional 43,160 shares in the last quarter. JT Stratford LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 21.4% in the second quarter. JT Stratford LLC now owns 9,833 shares of the company’s stock valued at $489,000 after buying an additional 1,732 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 3.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,748 shares of the company’s stock valued at $634,000 after buying an additional 398 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Down 0.3%

Shares of NYSEARCA PULS opened at $49.50 on Wednesday. The stock’s 50 day moving average price is $49.68 and its two-hundred day moving average price is $49.70. 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 $14.52 billion, a P/E ratio of -23.80 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

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

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.