Diversify Wealth Management LLC Has $8.54 Million Holdings in PGIM Ultra Short Bond ETF $PULS

Diversify Wealth Management LLC raised its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,994 shares of the company’s stock after acquiring an additional 21,135 shares during the quarter. Diversify Wealth Management LLC owned approximately 0.07% of PGIM Ultra Short Bond ETF worth $8,538,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Spire Wealth Management acquired a new stake in shares of PGIM Ultra Short Bond ETF during the second quarter worth approximately $31,000. Rossby Financial LCC acquired a new position in PGIM Ultra Short Bond ETF in the 3rd quarter valued at approximately $31,000. Assetmark Inc. lifted its position in PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after buying an additional 594 shares in the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter valued at $44,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 102.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $54,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

NYSEARCA PULS opened at $49.77 on Friday. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84. The firm’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $49.72. The company has a market capitalization of $13.36 billion, a PE ratio of -23.93 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

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