4WEALTH Advisors Inc. Buys New Stake in PGIM Ultra Short Bond ETF $PULS

4WEALTH Advisors Inc. bought a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,302 shares of the company’s stock, valued at approximately $1,949,000. PGIM Ultra Short Bond ETF comprises approximately 1.7% of 4WEALTH Advisors Inc.’s holdings, making the stock its 12th biggest holding.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in PGIM Ultra Short Bond ETF by 1,346.2% in the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock valued at $28,000 after buying an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth approximately $30,000. Rossby Financial LCC purchased 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. lifted its position 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 buying an additional 513 shares during the last quarter. Finally, Assetmark Inc. lifted its position 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 buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Up 0.0%

Shares of NYSEARCA:PULS opened at $49.55 on Wednesday. The company has a market capitalization of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The firm has a 50 day simple moving average of $49.66 and a 200-day simple moving average of $49.70.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is currently -111.06%.

About PGIM Ultra Short Bond ETF

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.