Norden Group LLC Reduces Holdings in PGIM Ultra Short Bond ETF $PULS

Norden Group LLC reduced its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,412 shares of the company’s stock after selling 11,178 shares during the quarter. Norden Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Regatta Capital Group LLC grew its holdings in shares of PGIM Ultra Short Bond ETF by 4.8% during the fourth quarter. Regatta Capital Group LLC now owns 30,596 shares of the company’s stock worth $1,517,000 after buying an additional 1,390 shares in the last quarter. Spinnaker Investment Group LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 3.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after buying an additional 202 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 152.5% in the fourth quarter. DAVENPORT & Co LLC now owns 170,856 shares of the company’s stock worth $8,473,000 after buying an additional 103,190 shares in the last quarter. Bulwark Capital Corp boosted its position in PGIM Ultra Short Bond ETF by 128.4% during the fourth quarter. Bulwark Capital Corp now owns 157,369 shares of the company’s stock worth $7,804,000 after acquiring an additional 88,470 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in PGIM Ultra Short Bond ETF by 88.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 279,682 shares of the company’s stock worth $13,869,000 after acquiring an additional 131,386 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.0%

PULS stock opened at $49.63 on Friday. The company has a market cap of $14.45 billion, a price-to-earnings 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. The firm has a 50-day moving average of $49.68 and a two-hundred day moving average of $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

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

About PGIM Ultra Short Bond ETF

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.