Worth Asset Management LLC Lowers Position in PGIM Ultra Short Bond ETF $PULS

Worth Asset Management LLC lessened its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULSFree Report) by 83.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,627 shares of the company’s stock after selling 62,403 shares during the period. Worth Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 4,065,547 shares during the period. Bank of America Corp DE increased its holdings in 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 acquiring an additional 1,647,341 shares in the last quarter. Ameriprise Financial Inc. raised its stake in PGIM Ultra Short Bond ETF by 1,051.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after acquiring an additional 942,934 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in PGIM Ultra Short Bond ETF by 269.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after acquiring an additional 682,812 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in PGIM Ultra Short Bond ETF by 39.8% during the third quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock valued at $107,762,000 after purchasing an additional 615,683 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.66 on Friday. The company has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $49.71. The firm has a market cap of $14.51 billion, a P/E ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1654 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio is currently -112.02%.

PGIM Ultra Short Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

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