PGIM Ultra Short Bond ETF $PULS Stake Boosted by Embree Financial Group

Embree Financial Group increased its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 85.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 442,084 shares of the company’s stock after acquiring an additional 203,209 shares during the period. PGIM Ultra Short Bond ETF comprises about 2.7% of Embree Financial Group’s investment portfolio, making the stock its 8th biggest holding. Embree Financial Group owned 0.16% of PGIM Ultra Short Bond ETF worth $21,923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PULS. Turim 21 Investimentos Ltda. bought a new position in PGIM Ultra Short Bond ETF in the third quarter valued at about $30,000. Rossby Financial LCC bought a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $31,000. Assetmark Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 667.4% during 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 period. Pinnacle Bancorp Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 102.2% during 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 increased its position in shares of PGIM Ultra Short Bond ETF by 83.7% during the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock valued at $57,000 after purchasing an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA:PULS opened at $49.66 on Monday. The stock has a market capitalization of $14.51 billion, a PE 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 twelve month low of $49.34 and a twelve month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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