DAVENPORT & Co LLC Acquires 103,190 Shares of PGIM Ultra Short Bond ETF $PULS

DAVENPORT & Co LLC grew its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 152.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,856 shares of the company’s stock after buying an additional 103,190 shares during the quarter. DAVENPORT & Co LLC owned 0.06% of PGIM Ultra Short Bond ETF worth $8,473,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new stake in PGIM Ultra Short Bond ETF during the third quarter worth approximately $30,000. Rossby Financial LCC purchased a new stake in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $31,000. Assetmark Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock valued at $34,000 after purchasing an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 102.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $54,000 after purchasing an additional 551 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of PGIM Ultra Short Bond ETF by 83.7% in the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 519 shares during the period. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.63 on Friday. The company has a market cap of $14.45 billion, a P/E ratio of -23.86 and a beta of 0.01. The business’s 50 day moving average price is $49.68 and its 200-day moving average price is $49.71. 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 disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1654 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s payout ratio is presently -112.02%.

PGIM Ultra Short Bond ETF Company 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.