PGIM Ultra Short Bond ETF $PULS Shares Sold by Correct Capital Wealth Management

Correct Capital Wealth Management trimmed its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,492 shares of the company’s stock after selling 36,638 shares during the period. PGIM Ultra Short Bond ETF makes up 1.9% of Correct Capital Wealth Management’s investment portfolio, making the stock its 14th largest holding. Correct Capital Wealth Management’s holdings in PGIM Ultra Short Bond ETF were worth $13,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth lifted its position in PGIM Ultra Short Bond ETF by 318.3% in the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after acquiring an additional 17,394 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter worth about $435,000. CWM LLC increased its position in shares of PGIM Ultra Short Bond ETF by 9.8% during the second quarter. CWM LLC now owns 211,299 shares of the company’s stock worth $10,514,000 after purchasing an additional 18,847 shares in the last quarter. Lion Street Advisors LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 8.5% in the 2nd quarter. Lion Street Advisors LLC now owns 141,859 shares of the company’s stock valued at $7,059,000 after purchasing an additional 11,094 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $223,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Up 0.0%

NYSEARCA:PULS opened at $49.67 on Friday. The company has a market capitalization of $13.33 billion, a PE ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.84. The stock’s 50 day moving average price is $49.69 and its 200 day moving average price is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 dividend yield of 4.5%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) 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.