PGIM Ultra Short Bond ETF $PULS Shares Sold by Financial Consulate Inc.

Financial Consulate Inc. decreased its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,710 shares of the company’s stock after selling 20,708 shares during the quarter. PGIM Ultra Short Bond ETF makes up 1.6% of Financial Consulate Inc.’s holdings, making the stock its 15th biggest position. Financial Consulate Inc. owned about 0.09% of PGIM Ultra Short Bond ETF worth $11,391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. 4WEALTH Advisors Inc. acquired a new stake in shares of PGIM Ultra Short Bond ETF in the fourth quarter valued at about $1,949,000. Register Financial Advisors LLC grew its position in shares of PGIM Ultra Short Bond ETF by 32.9% in the fourth quarter. Register Financial Advisors LLC now owns 9,450 shares of the company’s stock valued at $469,000 after purchasing an additional 2,342 shares during the period. Sound Income Strategies LLC grew its position in shares of 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 purchasing an additional 525 shares during the period. Beaumont Asset Management L.L.C. grew its position in shares of PGIM Ultra Short Bond ETF by 6.2% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 9,868 shares of the company’s stock valued at $489,000 after purchasing an additional 573 shares during the period. Finally, Seed Wealth Management Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 297.1% in the fourth quarter. Seed Wealth Management Inc. now owns 100,114 shares of the company’s stock valued at $4,965,000 after purchasing an additional 74,905 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.1%

Shares of NYSEARCA PULS opened at $49.58 on Thursday. The company’s 50-day simple moving average is $49.65 and its 200-day simple moving average is $49.70. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.84. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of -23.84 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given 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 yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is presently -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.