Western Wealth Management LLC Acquires 10,070 Shares of PGIM Ultra Short Bond ETF $PULS

Western Wealth Management LLC grew its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 116.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,752 shares of the company’s stock after acquiring an additional 10,070 shares during the period. Western Wealth Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $934,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tempus Wealth Planning LLC bought a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at about $217,000. Beckerman Institutional LLC boosted its holdings in PGIM Ultra Short Bond ETF by 7.6% during the third quarter. Beckerman Institutional LLC now owns 34,856 shares of the company’s stock valued at $1,737,000 after purchasing an additional 2,471 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of PGIM Ultra Short Bond ETF by 30.5% in the 3rd quarter. Gateway Wealth Partners LLC now owns 47,398 shares of the company’s stock valued at $2,362,000 after purchasing an additional 11,071 shares during the period. Caliber Wealth Management LLC KS grew its stake in shares of PGIM Ultra Short Bond ETF by 24.8% in the 3rd quarter. Caliber Wealth Management LLC KS now owns 187,526 shares of the company’s stock valued at $9,344,000 after purchasing an additional 37,246 shares during the period. Finally, MCF Advisors LLC raised its holdings in shares of PGIM Ultra Short Bond ETF by 32.0% in the 3rd quarter. MCF Advisors LLC now owns 24,567 shares of the company’s stock worth $1,224,000 after buying an additional 5,961 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.68 on Wednesday. The business has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $49.72. The company has a market capitalization of $13.34 billion, a PE ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1844 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -112.98%.

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.