Avestar Capital LLC Has $5.83 Million Position in PGIM Ultra Short Bond ETF $PULS

Avestar Capital LLC cut its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,009 shares of the company’s stock after selling 143,954 shares during the quarter. Avestar Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $5,831,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Embree Financial Group raised its position in shares of PGIM Ultra Short Bond ETF by 34.9% in the third quarter. Embree Financial Group now owns 238,875 shares of the company’s stock valued at $11,903,000 after purchasing an additional 61,789 shares during the period. Global Retirement Partners LLC acquired a new position in PGIM Ultra Short Bond ETF in the 2nd quarter valued at $8,052,000. Global View Capital Management LLC bought a new position in PGIM Ultra Short Bond ETF in the 3rd quarter worth $2,215,000. Baird Financial Group Inc. lifted its position in PGIM Ultra Short Bond ETF by 38.6% during the 2nd quarter. Baird Financial Group Inc. now owns 148,443 shares of the company’s stock worth $7,387,000 after acquiring an additional 41,324 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership boosted its holdings in PGIM Ultra Short Bond ETF by 9.8% during the third quarter. AFG Fiduciary Services Limited Partnership now owns 224,313 shares of the company’s stock valued at $11,139,000 after acquiring an additional 19,993 shares during the period. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.72 on Thursday. The stock’s 50-day moving average is $49.70 and its 200-day moving average is $49.72. The company has a market cap of $13.35 billion, a P/E ratio of -23.90 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.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued 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 payout ratio is -112.98%.

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.