Prevail Innovative Wealth Advisors LLC Increases Holdings in PGIM Ultra Short Bond ETF $PULS

Prevail Innovative Wealth Advisors LLC increased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 46.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,265 shares of the company’s stock after purchasing an additional 16,844 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its holdings in PGIM Ultra Short Bond ETF by 318.3% during the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after buying an additional 17,394 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter valued at approximately $44,000. Prospera Financial Services Inc lifted its holdings in shares of PGIM Ultra Short Bond ETF by 19.6% in the second quarter. Prospera Financial Services Inc now owns 18,766 shares of the company’s stock worth $934,000 after buying an additional 3,075 shares in the last quarter. ZEGA Investments LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 3.5% in the second quarter. ZEGA Investments LLC now owns 59,005 shares of the company’s stock worth $2,936,000 after buying an additional 1,968 shares in the last quarter. Finally, Fountainhead AM LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 7.2% during the second quarter. Fountainhead AM LLC now owns 85,016 shares of the company’s stock worth $4,230,000 after acquiring an additional 5,745 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.62 on Friday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of -23.86 and a beta of 0.01. The company has a fifty day moving average of $49.69 and a 200 day moving average of $49.72. 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 business also recently disclosed 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. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is -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.