Seed Wealth Management Inc. Has $4.97 Million Stake in PGIM Ultra Short Bond ETF $PULS

Seed Wealth Management Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 297.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,114 shares of the company’s stock after acquiring an additional 74,905 shares during the quarter. PGIM Ultra Short Bond ETF comprises about 3.4% of Seed Wealth Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Seed Wealth Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $4,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after buying an additional 4,065,547 shares during the period. Bank of America Corp DE lifted its stake in PGIM Ultra Short Bond ETF by 2.0% during the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 5.7% during the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after buying an additional 236,042 shares in the last quarter. UBS Group AG grew its position in PGIM Ultra Short Bond ETF by 16.9% in the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after buying an additional 591,642 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of PGIM Ultra Short Bond ETF by 11.6% in the third quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock valued at $189,353,000 after buying an additional 396,495 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA:PULS opened at $49.54 on Monday. The stock has a market cap of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01. The stock’s 50-day moving average is $49.66 and its two-hundred day moving average is $49.70. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84.

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 paid a dividend of $0.1654 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio is -111.06%.

PGIM Ultra Short Bond ETF Company 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.