WESPAC Advisors LLC Sells 24,470 Shares of PGIM Ultra Short Bond ETF $PULS

WESPAC Advisors LLC trimmed its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 27.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,866 shares of the company’s stock after selling 24,470 shares during the quarter. PGIM Ultra Short Bond ETF makes up approximately 1.7% of WESPAC Advisors LLC’s investment portfolio, making the stock its 10th largest position. WESPAC Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,217,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after acquiring an additional 4,065,547 shares during the last quarter. Bank of America Corp DE raised 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 valued at $543,576,000 after acquiring an additional 1,647,341 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in PGIM Ultra Short Bond ETF by 1,051.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock worth $51,456,000 after purchasing an additional 942,934 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in PGIM Ultra Short Bond ETF by 269.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after purchasing an additional 682,812 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of PGIM Ultra Short Bond ETF by 39.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock worth $107,762,000 after purchasing an additional 615,683 shares during the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.66 on Monday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm has a market capitalization of $14.51 billion, a PE ratio of -23.88 and a beta of 0.01. The business has a 50 day simple moving average of $49.68 and a 200-day simple moving average of $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

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