Stonebridge Financial Group LLC Sells 40,249 Shares of PGIM Ultra Short Bond ETF $PULS

Stonebridge Financial Group LLC trimmed its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,940 shares of the company’s stock after selling 40,249 shares during the quarter. Stonebridge Financial Group LLC owned about 0.07% of PGIM Ultra Short Bond ETF worth $9,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Turim 21 Investimentos Ltda. bought a new position in PGIM Ultra Short Bond ETF in the 3rd quarter worth $30,000. Rossby Financial LCC bought a new stake in PGIM Ultra Short Bond ETF during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of PGIM Ultra Short Bond ETF by 394.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock valued at $32,000 after purchasing an additional 513 shares during the last quarter. Assetmark Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 667.4% in the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after purchasing an additional 594 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of PGIM Ultra Short Bond ETF by 100,000.0% in the fourth quarter. Blue Trust Inc. now owns 1,001 shares of the company’s stock worth $50,000 after purchasing an additional 1,000 shares during the period. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.54 on Monday. The stock has a 50-day simple moving average of $49.66 and a 200 day simple moving average of $49.70. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84. The stock 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 firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1654 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is -111.06%.

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.