Caliber Wealth Management LLC KS Acquires 46,533 Shares of PGIM Ultra Short Bond ETF $PULS

Caliber Wealth Management LLC KS raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,059 shares of the company’s stock after purchasing an additional 46,533 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 1.2% of Caliber Wealth Management LLC KS’s investment portfolio, making the stock its 16th largest position. Caliber Wealth Management LLC KS owned approximately 0.09% of PGIM Ultra Short Bond ETF worth $11,607,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in PGIM Ultra Short Bond ETF by 12.1% in 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 raised its position in PGIM Ultra Short Bond ETF by 2.0% in the 3rd quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the last quarter. Raymond James Financial Inc. raised its position in PGIM Ultra Short Bond ETF by 5.7% in the 3rd quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock valued at $216,691,000 after purchasing an additional 236,042 shares during the last quarter. UBS Group AG raised its position in PGIM Ultra Short Bond ETF by 16.9% in 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. Finally, PNC Financial Services Group Inc. raised its position in PGIM Ultra Short Bond ETF by 11.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock valued at $189,353,000 after purchasing an additional 396,495 shares during the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.66 on Wednesday. The stock has a fifty day moving average price of $49.64 and a two-hundred day moving average price of $49.69. PGIM Ultra Short Bond ETF has a 52-week low of $49.44 and a 52-week 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 company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1654 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is -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.