PGIM Ultra Short Bond ETF $PULS Stock Holdings Increased by AFG Fiduciary Services Limited Partnership

AFG Fiduciary Services Limited Partnership boosted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 242,701 shares of the company’s stock after buying an additional 18,388 shares during the quarter. PGIM Ultra Short Bond ETF accounts for approximately 0.6% of AFG Fiduciary Services Limited Partnership’s portfolio, making the stock its 5th largest holding. AFG Fiduciary Services Limited Partnership owned 0.09% of PGIM Ultra Short Bond ETF worth $12,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PULS. TradeWell Securities LLC. boosted its stake in shares of 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 worth $1,110,000 after acquiring an additional 216 shares in the last quarter. JT Stratford LLC increased its stake in PGIM Ultra Short Bond ETF by 2.3% in the 3rd quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock valued at $501,000 after purchasing an additional 222 shares in the last quarter. Focus Financial Network Inc. raised its holdings in PGIM Ultra Short Bond ETF by 3.6% during the third 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 raised its holdings in PGIM Ultra Short Bond ETF by 4.4% during the third 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. Finally, Trilogy Capital Inc. boosted its position in PGIM Ultra Short Bond ETF by 1.5% during the third quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock worth $834,000 after purchasing an additional 248 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock opened at $49.62 on Friday. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of -23.86 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. The stock’s fifty day moving average is $49.69 and its two-hundred day moving average is $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1654 dividend. 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 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.