Cresset Asset Management LLC Trims Holdings in PGIM Ultra Short Bond ETF $PULS

Cresset Asset Management LLC lowered its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 37.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,145 shares of the company’s stock after selling 17,693 shares during the quarter. Cresset Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TradeWell Securities LLC. boosted its stake in PGIM Ultra Short Bond ETF by 1.0% during the 2nd quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock valued at $1,110,000 after acquiring an additional 216 shares during the last quarter. Focus Financial Network Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 3.6% in the 3rd quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock worth $331,000 after purchasing an additional 231 shares during the last quarter. Cedar Point Capital Partners LLC increased its position in shares of PGIM Ultra Short Bond ETF by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock worth $279,000 after purchasing an additional 237 shares during the last quarter. Trilogy Capital Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock valued at $834,000 after purchasing an additional 248 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the 2nd quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after purchasing an additional 361 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock opened at $49.62 on Monday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of -23.86 and a beta of 0.01. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84. The company’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $49.72.

PGIM Ultra Short Bond ETF Cuts Dividend

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