PGIM Ultra Short Bond ETF $PULS Shares Purchased by Pine Harbor Wealth Management LLC

Pine Harbor Wealth Management LLC raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.4% in the 4th quarter, HoldingsChannel reports. The firm owned 623,468 shares of the company’s stock after purchasing an additional 43,214 shares during the quarter. PGIM Ultra Short Bond ETF accounts for approximately 9.5% of Pine Harbor Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Pine Harbor Wealth Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $30,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PULS. Turim 21 Investimentos Ltda. bought a new stake in shares of 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 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its position in PGIM Ultra Short Bond ETF by 394.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after acquiring an additional 513 shares in the last quarter. Assetmark Inc. increased its position in PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after acquiring an additional 594 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 100,000.0% in the fourth quarter. Blue Trust Inc. now owns 1,001 shares of the company’s stock worth $50,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.54 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm’s 50 day moving average is $49.66 and its 200-day moving average is $49.70. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of -23.82 and a beta of 0.01.

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 $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 payout ratio is -111.06%.

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.