PGIM Ultra Short Bond ETF $PULS Shares Acquired by BOS Asset Management LLC

BOS Asset Management LLC lifted its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 58.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,080 shares of the company’s stock after purchasing an additional 48,958 shares during the quarter. PGIM Ultra Short Bond ETF makes up 1.8% of BOS Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. BOS Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,550,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. purchased a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at approximately $30,000. Rossby Financial LCC acquired a new stake in shares of PGIM Ultra Short Bond ETF in the third quarter valued at approximately $31,000. Assetmark Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 667.4% during the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 102.2% during the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of PGIM Ultra Short Bond ETF by 83.7% in the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock valued at $57,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.64 on Tuesday. The company has a fifty day moving average price of $49.69 and a 200 day moving average price of $49.71. PGIM Ultra Short Bond ETF has a 12 month low of $49.34 and a 12 month high of $49.84. The company has a market cap of $14.38 billion, a price-to-earnings ratio of -23.87 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. Stockholders of record on Monday, March 2nd were issued a $0.1654 dividend. This represents a c) dividend on an annualized basis 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 is presently -112.02%.

PGIM Ultra Short Bond ETF 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.