21,157 Shares in PGIM Ultra Short Bond ETF $PULS Purchased by Sovran Advisors LLC

Sovran Advisors LLC purchased a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,157 shares of the company’s stock, valued at approximately $1,051,000.

Several other large investors also recently made changes to their positions in PULS. Focus Partners Wealth raised its holdings in shares of PGIM Ultra Short Bond ETF by 318.3% in the 1st quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in PGIM Ultra Short Bond ETF by 3.2% during the second quarter. EverSource Wealth Advisors LLC now owns 12,748 shares of the company’s stock worth $634,000 after buying an additional 398 shares in the last quarter. Baird Financial Group Inc. grew its position in PGIM Ultra Short Bond ETF by 38.6% in the second quarter. Baird Financial Group Inc. now owns 148,443 shares of the company’s stock worth $7,387,000 after buying an additional 41,324 shares during the last quarter. SageView Advisory Group LLC grew its position in PGIM Ultra Short Bond ETF by 9.3% in the second quarter. SageView Advisory Group LLC now owns 33,542 shares of the company’s stock worth $1,669,000 after buying an additional 2,851 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the second quarter valued at $330,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of NYSEARCA:PULS opened at $49.54 on Monday. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84. The stock has a fifty day moving average of $49.66 and a 200-day moving average of $49.70. The company has a market capitalization of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors 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 was Monday, March 2nd. PGIM Ultra Short Bond ETF’s payout ratio is presently -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.