Comerica Bank Cuts Position in PGIM Ultra Short Bond ETF $PULS

Comerica Bank lessened its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 266,618 shares of the company’s stock after selling 23,566 shares during the quarter. Comerica Bank owned about 0.10% of PGIM Ultra Short Bond ETF worth $13,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Howard Wealth Management LLC grew its holdings in PGIM Ultra Short Bond ETF by 26.2% in the fourth quarter. Howard Wealth Management LLC now owns 5,890 shares of the company’s stock worth $292,000 after purchasing an additional 1,222 shares during the period. D.A. Davidson & CO. grew its holdings in PGIM Ultra Short Bond ETF by 16.1% in the fourth quarter. D.A. Davidson & CO. now owns 39,850 shares of the company’s stock worth $1,976,000 after purchasing an additional 5,536 shares during the period. Sanctuary Advisors LLC grew its holdings in PGIM Ultra Short Bond ETF by 17.0% in the fourth quarter. Sanctuary Advisors LLC now owns 153,737 shares of the company’s stock worth $7,624,000 after purchasing an additional 22,284 shares during the period. Concurrent Investment Advisors LLC grew its holdings in PGIM Ultra Short Bond ETF by 64.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,331 shares of the company’s stock worth $760,000 after purchasing an additional 6,000 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in PGIM Ultra Short Bond ETF by 17.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 440,774 shares of the company’s stock worth $21,858,000 after purchasing an additional 65,071 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.71 on Wednesday. The stock has a market cap of $14.58 billion, a PE ratio of -23.90 and a beta of 0.01. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.44 and a fifty-two week high of $49.84. The firm’s 50-day simple moving average is $49.64 and its two-hundred day simple moving average is $49.69.

PGIM Ultra Short Bond ETF Cuts Dividend

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