12,139 Shares in PGIM Ultra Short Bond ETF $PULS Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,139 shares of the company’s stock, valued at approximately $602,000.

A number of other hedge funds also recently modified their holdings of the stock. Embree Financial Group grew its position in shares of PGIM Ultra Short Bond ETF by 34.9% during the 3rd quarter. Embree Financial Group now owns 238,875 shares of the company’s stock valued at $11,903,000 after purchasing an additional 61,789 shares in the last quarter. Aptus Capital Advisors LLC grew its position in shares of PGIM Ultra Short Bond ETF by 6.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock valued at $28,738,000 after purchasing an additional 33,902 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of PGIM Ultra Short Bond ETF by 19.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 152,998 shares of the company’s stock valued at $7,595,000 after purchasing an additional 25,105 shares in the last quarter. BlueStem Wealth Partners LLC grew its position in shares of PGIM Ultra Short Bond ETF by 19.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock valued at $5,271,000 after purchasing an additional 17,289 shares in the last quarter. Finally, Global View Capital Management LLC purchased a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at $2,215,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.60 on Friday. The company has a fifty day moving average price of $49.64 and a 200-day moving average price of $49.69. The firm has a market capitalization of $14.55 billion, a P/E ratio of -23.85 and a beta of 0.01. PGIM Ultra Short Bond ETF has a one year low of $49.36 and a one year 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 dividend of $0.1654 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend 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.