Bessemer Group Inc. Takes Position in PGIM Ultra Short Bond ETF $PULS

Bessemer Group Inc. purchased a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,557 shares of the company’s stock, valued at approximately $626,000.

A number of other institutional investors have also recently bought and sold shares of PULS. Prudential Financial Inc. increased its position in PGIM Ultra Short Bond ETF by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after purchasing an additional 2,999,297 shares during the last quarter. Bank of America Corp DE raised its position in PGIM Ultra Short Bond ETF by 17.8% during the second 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 in the last quarter. Horizon Wealth Management LLC acquired a new stake in PGIM Ultra Short Bond ETF in the second quarter valued at approximately $62,497,000. JPMorgan Chase & Co. lifted its stake in PGIM Ultra Short Bond ETF by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after acquiring an additional 897,077 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in PGIM Ultra Short Bond ETF by 269.2% in the second 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 in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.68 on Wednesday. The firm has a market cap of $13.34 billion, a PE 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. The company has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1844 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -112.98%.

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.