AMJ Financial Wealth Management Has $26.28 Million Position in PGIM Ultra Short Bond ETF $PULS

AMJ Financial Wealth Management increased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 527,471 shares of the company’s stock after purchasing an additional 79,521 shares during the period. PGIM Ultra Short Bond ETF makes up 6.3% of AMJ Financial Wealth Management’s holdings, making the stock its biggest holding. AMJ Financial Wealth Management owned 0.21% of PGIM Ultra Short Bond ETF worth $26,284,000 as of its most recent filing with the SEC.

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

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.75 on Friday. The firm’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $49.72. The stock has a market cap of $13.35 billion, a PE ratio of -23.92 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.1844 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is presently -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.