Gateway Wealth Partners LLC Raises Stock Position in PGIM Ultra Short Bond ETF $PULS

Gateway Wealth Partners LLC raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,398 shares of the company’s stock after purchasing an additional 11,071 shares during the quarter. Gateway Wealth Partners LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. TradeWell Securities LLC. raised its position in PGIM Ultra Short Bond ETF by 1.0% during the second quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock valued at $1,110,000 after acquiring an additional 216 shares in the last quarter. Focus Financial Network Inc. increased its holdings 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 purchasing an additional 231 shares in the last quarter. Cedar Point Capital Partners LLC increased its holdings 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 purchasing an additional 237 shares in the last quarter. Trilogy Capital Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock valued at $834,000 after purchasing an additional 248 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock worth $898,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PULS opened at $49.67 on Monday. The company has a fifty day moving average of $49.69 and a two-hundred day moving average of $49.72. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1844 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. PGIM Ultra Short Bond ETF’s dividend payout ratio is currently -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.