Raab & Moskowitz Asset Management LLC Has $4.14 Million Position in PGIM Ultra Short Bond ETF $PULS

Raab & Moskowitz Asset Management LLC increased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,060 shares of the company’s stock after purchasing an additional 15,448 shares during the period. PGIM Ultra Short Bond ETF makes up 0.9% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 29th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $4,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. increased its stake in PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock worth $1,882,557,000 after purchasing an additional 4,065,547 shares in the last quarter. Prudential Financial Inc. lifted its stake in PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after buying an additional 2,999,297 shares in the last quarter. Bank of America Corp DE lifted its stake in PGIM Ultra Short Bond ETF by 17.8% in 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 buying an additional 1,647,341 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 1,051.8% in the third quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after buying an additional 942,934 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 valued at $46,597,000 after buying an additional 682,812 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of PULS stock opened at $49.64 on Wednesday. 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 fifty day moving average of $49.69 and a 200-day moving average of $49.71. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -23.87 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

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