IAG Wealth Partners LLC Raises Position in PGIM Ultra Short Bond ETF $PULS

IAG Wealth Partners LLC lifted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 425,522 shares of the company’s stock after buying an additional 12,534 shares during the period. PGIM Ultra Short Bond ETF comprises 2.5% of IAG Wealth Partners LLC’s portfolio, making the stock its 13th largest holding. IAG Wealth Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $21,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PULS. JPMorgan Chase & Co. raised its holdings in PGIM Ultra Short Bond ETF by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after acquiring an additional 4,065,547 shares during the last quarter. Prudential Financial Inc. boosted its stake in PGIM Ultra Short Bond ETF by 13.7% during the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after purchasing an additional 2,999,297 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of PGIM Ultra Short Bond ETF by 17.8% in 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. Horizon Wealth Management LLC purchased a new position in shares of PGIM Ultra Short Bond ETF in the second quarter worth $62,497,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of PGIM Ultra Short Bond ETF by 269.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after purchasing an additional 682,812 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.77 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The company has a market cap of $13.36 billion, a P/E ratio of -23.93 and a beta of 0.01. The stock’s fifty day moving average price is $49.71 and its 200-day moving average price is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1844 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.4%. PGIM Ultra Short Bond ETF’s dividend payout ratio 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.