Kestra Private Wealth Services LLC Invests $229,000 in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Kestra Private Wealth Services LLC acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,641 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds have also recently made changes to their positions in PULS. Bank of New York Mellon Corp bought a new position in shares of PGIM Ultra Short Bond ETF in the third quarter worth about $1,294,000. Financial Advocates Investment Management boosted its stake in PGIM Ultra Short Bond ETF by 5.6% during the third quarter. Financial Advocates Investment Management now owns 31,310 shares of the company’s stock valued at $1,550,000 after buying an additional 1,664 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $19,215,000. Raab & Moskowitz Asset Management LLC bought a new position in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $934,000. Finally, Navis Wealth Advisors LLC boosted its stake in PGIM Ultra Short Bond ETF by 55.8% during the third quarter. Navis Wealth Advisors LLC now owns 61,208 shares of the company’s stock valued at $3,029,000 after buying an additional 21,910 shares during the last quarter.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.57 on Friday. The stock has a 50 day moving average of $49.58 and a 200 day moving average of $49.52. PGIM Ultra Short Bond ETF has a 12 month low of $49.13 and a 12 month high of $49.71.

PGIM Ultra Short Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.2443 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from PGIM Ultra Short Bond ETF’s previous dividend of $0.23.

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.