PGIM Ultra Short Bond ETF $PULS Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC lessened its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,949 shares of the company’s stock after selling 49,313 shares during the period. PGIM Ultra Short Bond ETF makes up about 1.3% of Congress Park Capital LLC’s portfolio, making the stock its 25th biggest holding. Congress Park Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $4,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PULS. JPMorgan Chase & Co. increased its position in PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after buying an additional 4,065,547 shares in the last quarter. Bank of America Corp DE boosted its holdings in PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after acquiring an additional 215,246 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 5.7% in the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after acquiring an additional 236,042 shares in the last quarter. UBS Group AG grew its stake in shares of PGIM Ultra Short Bond ETF by 16.9% during the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after acquiring an additional 591,642 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 11.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after acquiring an additional 396,495 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.66 on Monday. The company has a market cap of $14.51 billion, a P/E ratio of -23.88 and a beta of 0.01. The firm’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 52-week low of $49.34 and a 52-week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued 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 dividend payout ratio (DPR) is currently -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.