Diversify Advisory Services LLC Has $7.60 Million Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Diversify Advisory Services LLC increased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 19.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,998 shares of the company’s stock after acquiring an additional 25,105 shares during the period. Diversify Advisory Services LLC owned about 0.06% of PGIM Ultra Short Bond ETF worth $7,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Embree Financial Group lifted 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 worth $11,903,000 after buying an additional 61,789 shares during the period. BlueStem Wealth Partners LLC grew its position in PGIM Ultra Short Bond ETF by 19.5% in the third quarter. BlueStem Wealth Partners LLC now owns 105,778 shares of the company’s stock valued at $5,271,000 after acquiring an additional 17,289 shares during the period. Aptus Capital Advisors LLC raised its stake in PGIM Ultra Short Bond ETF by 6.2% during the third quarter. Aptus Capital Advisors LLC now owns 576,714 shares of the company’s stock worth $28,738,000 after acquiring an additional 33,902 shares in the last quarter. Global Retirement Partners LLC acquired a new position in PGIM Ultra Short Bond ETF during the second quarter worth $8,052,000. Finally, Global View Capital Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF during the third quarter valued at $2,215,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.62 on Monday. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84. The company’s fifty day moving average is $49.69 and its 200-day moving average is $49.72. The company has a market capitalization of $14.22 billion, a PE ratio of -23.86 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1654 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is -112.02%.

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.