Horizon Wealth Management LLC Sells 1,067,137 Shares of PGIM Ultra Short Bond ETF $PULS

Horizon Wealth Management LLC decreased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 85.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,823 shares of the company’s stock after selling 1,067,137 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 1.4% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Horizon Wealth Management LLC owned 0.07% of PGIM Ultra Short Bond ETF worth $9,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after acquiring an additional 897,077 shares during the period. Prudential Financial Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after purchasing an additional 2,999,297 shares during the last quarter. Bank of America Corp DE increased its position in shares of PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after purchasing an additional 1,647,341 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after purchasing an additional 49,798 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 11.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,403,485 shares of the company’s stock valued at $169,357,000 after purchasing an additional 358,984 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Trading Up 0.1%

Shares of PGIM Ultra Short Bond ETF stock opened at $49.72 on Friday. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of -23.90 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84. The firm’s 50-day moving average price is $49.70 and its two-hundred day moving average price is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

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