UBS Group AG Sells 299,830 Shares of PGIM Ultra Short Bond ETF $PULS

UBS Group AG lessened its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,802,516 shares of the company’s stock after selling 299,830 shares during the quarter. UBS Group AG owned approximately 1.42% of PGIM Ultra Short Bond ETF worth $188,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Sound Income Strategies LLC grew its position in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after buying an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth $30,000. Rossby Financial LCC bought a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after buying an additional 513 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 667.4% during the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after buying an additional 594 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.0%

PULS opened at $49.69 on Thursday. PGIM Ultra Short Bond ETF has a 12-month low of $49.44 and a 12-month high of $49.84. The business’s fifty day simple moving average is $49.64 and its 200-day simple moving average is $49.69. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of -23.89 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio is presently -111.06%.

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.