PGIM Ultra Short Bond ETF $PULS Holdings Cut by Crane Advisory LLC

Crane Advisory LLC reduced its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,532,303 shares of the company’s stock after selling 467,327 shares during the period. PGIM Ultra Short Bond ETF accounts for about 11.5% of Crane Advisory LLC’s investment portfolio, making the stock its 3rd largest position. Crane Advisory LLC owned about 0.57% of PGIM Ultra Short Bond ETF worth $76,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Focus Partners Wealth raised its position in shares of PGIM Ultra Short Bond ETF by 318.3% in the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock valued at $1,137,000 after buying an additional 17,394 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in PGIM Ultra Short Bond ETF by 269.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after acquiring an additional 682,812 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in PGIM Ultra Short Bond ETF by 5.7% during the second quarter. MBM Wealth Consultants LLC now owns 350,138 shares of the company’s stock worth $17,423,000 after acquiring an additional 18,948 shares during the last quarter. AMJ Financial Wealth Management grew its stake in PGIM Ultra Short Bond ETF by 144.3% in the 2nd quarter. AMJ Financial Wealth Management now owns 447,950 shares of the company’s stock worth $22,290,000 after acquiring an additional 264,560 shares during the period. Finally, IAG Wealth Partners LLC grew its stake in PGIM Ultra Short Bond ETF by 11.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 412,988 shares of the company’s stock worth $20,550,000 after acquiring an additional 43,160 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.66 on Monday. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The company has a market capitalization of $14.51 billion, a PE ratio of -23.88 and a beta of 0.01. The stock has a fifty day moving average of $49.68 and a two-hundred day moving average of $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1654 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio 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.