Cwm LLC Cuts Holdings in PGIM Ultra Short Bond ETF $PULS

Cwm LLC trimmed its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,924 shares of the company’s stock after selling 15,850 shares during the period. Cwm LLC owned approximately 0.08% of PGIM Ultra Short Bond ETF worth $10,013,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PULS. JPMorgan Chase & Co. boosted its stake in PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after purchasing an additional 4,065,547 shares during the last quarter. Bank of America Corp DE boosted its stake in PGIM Ultra Short Bond ETF by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after purchasing an additional 1,647,341 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in PGIM Ultra Short Bond ETF by 1,051.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,032,581 shares of the company’s stock valued at $51,456,000 after purchasing an additional 942,934 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in PGIM Ultra Short Bond ETF by 39.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,163,891 shares of the company’s stock valued at $107,762,000 after purchasing an additional 615,683 shares during the last quarter. Finally, UBS Group AG boosted its stake in PGIM Ultra Short Bond ETF by 16.9% during the 3rd quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock valued at $204,420,000 after purchasing an additional 591,642 shares during the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.66 on Monday. The business’s fifty day simple moving average is $49.64 and its two-hundred day simple moving average is $49.69. PGIM Ultra Short Bond ETF has a 12 month low of $49.44 and a 12 month high of $49.84. The company has a market cap of $14.57 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid 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 (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.