Stratos Wealth Partners LTD. Increases Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Stratos Wealth Partners LTD. lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,405 shares of the company’s stock after buying an additional 17,157 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PGIM Ultra Short Bond ETF were worth $14,770,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Spire Wealth Management purchased a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $31,000. Legacy Wealth Managment LLC ID acquired a new position in PGIM Ultra Short Bond ETF in the second quarter valued at $44,000. Pinnacle Bancorp Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 102.2% during the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after purchasing an additional 551 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the third quarter worth about $72,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter worth about $133,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock opened at $49.68 on Wednesday. The company has a market capitalization of $13.34 billion, a P/E 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. The stock has a 50-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 declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.1844 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, February 2nd. PGIM Ultra Short Bond ETF’s payout ratio is -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.