Kathmere Capital Management LLC Purchases Shares of 24,066 PGIM Ultra Short Bond ETF $PULS

Kathmere Capital Management LLC purchased a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,066 shares of the company’s stock, valued at approximately $1,193,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth increased its position in shares of PGIM Ultra Short Bond ETF by 318.3% in the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after acquiring an additional 17,394 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in PGIM Ultra Short Bond ETF by 269.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after acquiring an additional 682,812 shares during the last quarter. MBM Wealth Consultants LLC lifted its position in PGIM Ultra Short Bond ETF by 5.7% during the 2nd quarter. MBM Wealth Consultants LLC now owns 350,138 shares of the company’s stock worth $17,423,000 after acquiring an additional 18,948 shares during the period. AMJ Financial Wealth Management lifted its position in PGIM Ultra Short Bond ETF by 144.3% during the 2nd quarter. AMJ Financial Wealth Management now owns 447,950 shares of the company’s stock worth $22,290,000 after acquiring an additional 264,560 shares during the period. Finally, IAG Wealth Partners LLC grew its stake in PGIM Ultra Short Bond ETF by 11.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 412,988 shares of the company’s stock valued at $20,550,000 after purchasing an additional 43,160 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.66 on Friday. The stock’s 50-day simple moving average is $49.68 and its 200-day simple moving average is $49.71. The firm has a market capitalization of $14.46 billion, a PE ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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