Choreo LLC Grows Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Choreo LLC raised its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 161.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,309 shares of the company’s stock after buying an additional 14,379 shares during the period. Choreo LLC’s holdings in PGIM Ultra Short Bond ETF were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Diversify Advisory Services LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 7.3% during the fourth quarter. Diversify Advisory Services LLC now owns 164,235 shares of the company’s stock worth $8,166,000 after buying an additional 11,237 shares during the period. Good Steward Wealth Advisors LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 6.6% during the fourth quarter. Good Steward Wealth Advisors LLC now owns 271,950 shares of the company’s stock worth $13,486,000 after buying an additional 16,817 shares during the period. IRON Financial LLC boosted its position in shares of PGIM Ultra Short Bond ETF by 189.3% during the fourth quarter. IRON Financial LLC now owns 111,748 shares of the company’s stock worth $5,542,000 after buying an additional 73,126 shares during the period. Ifrah Financial Services Inc. boosted its position in shares of PGIM Ultra Short Bond ETF by 2.0% during the fourth quarter. Ifrah Financial Services Inc. now owns 133,420 shares of the company’s stock worth $6,616,000 after buying an additional 2,554 shares during the period. Finally, Phoenix Wealth Advisors boosted its stake in shares of PGIM Ultra Short Bond ETF by 2.0% in the fourth quarter. Phoenix Wealth Advisors now owns 104,662 shares of the company’s stock valued at $5,190,000 after purchasing an additional 2,064 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.63 on Thursday. The firm has a 50 day simple moving average of $49.64 and a 200-day simple moving average of $49.69. PGIM Ultra Short Bond ETF has a one year low of $49.44 and a one year high of $49.84. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of -23.86 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1654 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -111.06%.

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.