Flagship Harbor Advisors LLC Has $6.28 Million Stock Position in PGIM Ultra Short Bond ETF $PULS

Flagship Harbor Advisors LLC lowered its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,622 shares of the company’s stock after selling 17,611 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,279,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 1,346.2% during the 4th quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after purchasing an additional 525 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth approximately $30,000. Rossby Financial LCC bought a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PGIM Ultra Short Bond ETF by 394.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after purchasing an additional 513 shares in the last quarter. Finally, Assetmark Inc. raised 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 worth $34,000 after purchasing an additional 594 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.54 on Tuesday. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 and a 12-month high of $49.84. The stock has a market cap of $14.54 billion, a P/E ratio of -23.82 and a beta of 0.01. The business’s 50 day moving average is $49.66 and its 200-day moving average is $49.70.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1654 per share. The ex-dividend date 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 is currently -111.06%.

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.