Main Street Group LTD Reduces Position in PGIM Ultra Short Bond ETF $PULS

Main Street Group LTD lowered its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 680,892 shares of the company’s stock after selling 10,928 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 11.6% of Main Street Group LTD’s portfolio, making the stock its 3rd biggest holding. Main Street Group LTD’s holdings in PGIM Ultra Short Bond ETF were worth $33,765,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Embree Financial Group grew its position in PGIM Ultra Short Bond ETF by 34.9% during the third quarter. Embree Financial Group now owns 238,875 shares of the company’s stock worth $11,903,000 after buying an additional 61,789 shares in the last quarter. Seed Wealth Management Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 297.1% in the 4th quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock valued at $4,965,000 after purchasing an additional 74,905 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 6.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock valued at $28,738,000 after purchasing an additional 33,902 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 19.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock valued at $7,595,000 after purchasing an additional 25,105 shares in the last quarter. Finally, BlueStem Wealth Partners LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 19.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock valued at $5,271,000 after acquiring an additional 17,289 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.66 on Friday. The business has a 50 day moving average of $49.64 and a 200-day moving average of $49.69. PGIM Ultra Short Bond ETF has a 1 year low of $49.44 and a 1 year high of $49.84. The company has a market capitalization of $14.57 billion, a P/E ratio of -23.88 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 issued a dividend of $0.1654 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is presently -111.06%.

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.