First Heartland Consultants Inc. Has $1.60 Million Stock Position in PGIM Ultra Short Bond ETF $PULS

First Heartland Consultants Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 46.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,193 shares of the company’s stock after purchasing an additional 10,142 shares during the period. First Heartland Consultants Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $1,596,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF during the third quarter worth $30,000. Rossby Financial LCC bought a new stake in PGIM Ultra Short Bond ETF during the third quarter worth $31,000. Assetmark Inc. lifted its stake in PGIM Ultra Short Bond ETF by 667.4% in the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after acquiring an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 102.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $54,000 after acquiring an additional 551 shares during the period. Finally, Spire Wealth Management grew its position in shares of PGIM Ultra Short Bond ETF by 83.7% in the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock valued at $57,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PGIM Ultra Short Bond ETF stock opened at $49.64 on Tuesday. The company’s 50-day moving average is $49.69 and its 200-day moving average is $49.71. The firm has a market capitalization of $14.38 billion, a PE ratio of -23.87 and a beta of 0.01. 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 firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s 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.