PGIM Ultra Short Bond ETF $PULS Shares Sold by Crewe Advisors LLC

Crewe Advisors LLC reduced its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760,896 shares of the company’s stock after selling 178,588 shares during the quarter. PGIM Ultra Short Bond ETF comprises 3.3% of Crewe Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Crewe Advisors LLC owned 0.28% of PGIM Ultra Short Bond ETF worth $37,733,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Turim 21 Investimentos Ltda. acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at $30,000. Rossby Financial LCC acquired a new position in shares of PGIM Ultra Short Bond ETF during the 3rd quarter worth $31,000. Assetmark Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 667.4% during the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after purchasing an additional 594 shares during the period. Blue Trust Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 100,000.0% in the 4th quarter. Blue Trust Inc. now owns 1,001 shares of the company’s stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 102.2% in the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock valued at $54,000 after purchasing an additional 551 shares during the period. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Trading Up 0.0%

PULS stock opened at $49.54 on Friday. The company has a market cap of $14.54 billion, a P/E ratio of -23.82 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84. The company’s 50-day moving average price is $49.67 and its 200 day moving average price is $49.70.

PGIM Ultra Short Bond ETF Cuts Dividend

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