MFA Wealth Advisors LLC Sells 39,114 Shares of PGIM Ultra Short Bond ETF $PULS

MFA Wealth Advisors LLC lowered its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,395 shares of the company’s stock after selling 39,114 shares during the quarter. MFA Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,846,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PULS. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter valued at approximately $30,000. Rossby Financial LCC acquired a new stake in PGIM Ultra Short Bond ETF in the 3rd quarter worth approximately $31,000. Assetmark Inc. boosted its position in PGIM Ultra Short Bond ETF by 667.4% during the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after purchasing an additional 594 shares during the period. Pinnacle Bancorp Inc. boosted its position in 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 period. Finally, Spire Wealth Management grew its holdings in PGIM Ultra Short Bond ETF by 83.7% during the third quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock valued at $57,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.1%

Shares of PULS stock opened at $49.66 on Friday. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The company has a market cap of $14.51 billion, a PE ratio of -23.88 and a beta of 0.01. The business’s 50 day moving average is $49.68 and its two-hundred day moving average is $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1654 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -112.02%.

PGIM Ultra Short Bond ETF 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.