Marshall Financial Group LLC Sells 83,501 Shares of PGIM Ultra Short Bond ETF $PULS

Marshall Financial Group LLC lowered its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 58.1% in the fourth quarter, Holdings Channel reports. The firm owned 60,099 shares of the company’s stock after selling 83,501 shares during the period. Marshall Financial Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,980,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PULS. JPMorgan Chase & Co. raised its holdings in PGIM Ultra Short Bond ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after purchasing an additional 4,065,547 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 valued at $1,241,407,000 after buying an additional 2,999,297 shares during the period. Bank of America Corp DE grew its holdings in shares of PGIM Ultra Short Bond ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after buying an additional 215,246 shares during the period. Raymond James Financial Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 5.7% in the 3rd quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock valued at $216,691,000 after buying an additional 236,042 shares in the last quarter. Finally, UBS Group AG increased its position in shares of PGIM Ultra Short Bond ETF by 16.9% in the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock valued at $204,420,000 after buying an additional 591,642 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.62 on Monday. The stock’s fifty day simple moving average is $49.69 and its 200 day simple moving average is $49.71. The company has a market capitalization of $14.37 billion, a PE ratio of -23.86 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1654 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is currently -112.02%.

PGIM Ultra Short Bond ETF 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.