Shore Point Advisors LLC Buys 53,635 Shares of PGIM Ultra Short Bond ETF $PULS

Shore Point Advisors LLC increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 532.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,710 shares of the company’s stock after purchasing an additional 53,635 shares during the period. PGIM Ultra Short Bond ETF makes up approximately 1.1% of Shore Point Advisors LLC’s portfolio, making the stock its 20th biggest holding. Shore Point Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $3,159,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PULS. JPMorgan Chase & Co. increased its position in shares of PGIM Ultra Short Bond ETF by 12.1% in the third 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 during the last quarter. Bank of America Corp DE increased its position in shares of 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 worth $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. Ameriprise Financial Inc. increased its position 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 worth $51,456,000 after purchasing an additional 942,934 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of PGIM Ultra Short Bond ETF by 39.8% in the third quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock worth $107,762,000 after purchasing an additional 615,683 shares during the last quarter. Finally, UBS Group AG boosted its stake in PGIM Ultra Short Bond ETF by 16.9% in the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after buying an additional 591,642 shares in the last quarter. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.60 on Tuesday. The firm has a market cap of $14.55 billion, a P/E ratio of -23.85 and a beta of 0.01. The stock has a 50 day simple moving average of $49.64 and a two-hundred day simple moving average of $49.69. PGIM Ultra Short Bond ETF has a 1 year low of $49.39 and a 1 year high of $49.84.

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 paid a $0.1654 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio is currently -111.06%.

About PGIM Ultra Short Bond ETF

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.