MBM Wealth Consultants LLC Has $23.72 Million Holdings in PGIM Ultra Short Bond ETF $PULS

MBM Wealth Consultants LLC boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 478,313 shares of the company’s stock after purchasing an additional 61,979 shares during the quarter. PGIM Ultra Short Bond ETF makes up 5.6% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 4th largest position. MBM Wealth Consultants LLC owned about 0.18% of PGIM Ultra Short Bond ETF worth $23,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Spinnaker Investment Group LLC boosted its stake in PGIM Ultra Short Bond ETF by 3.6% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after purchasing an additional 202 shares during the period. JT Stratford LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 2.3% during the 3rd quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock valued at $501,000 after acquiring an additional 222 shares during the last quarter. Focus Financial Network Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 3.6% during the 3rd quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock valued at $331,000 after acquiring an additional 231 shares during the last quarter. Cedar Point Capital Partners LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock valued at $279,000 after acquiring an additional 237 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 1.5% during the 3rd quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock valued at $834,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.63 on Friday. The company has a market cap of $14.56 billion, a PE ratio of -23.86 and a beta of 0.01. The stock has a 50-day moving average price of $49.64 and a 200-day moving average price of $49.69. PGIM Ultra Short Bond ETF has a 12-month low of $49.44 and a 12-month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is -111.06%.

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.