Brookstone Capital Management Sells 82,339 Shares of PGIM Ultra Short Bond ETF $PULS

Brookstone Capital Management cut its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 93.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,512 shares of the company’s stock after selling 82,339 shares during the period. Brookstone Capital Management’s holdings in PGIM Ultra Short Bond ETF were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth about $30,000. Rossby Financial LCC bought a new position in shares of PGIM Ultra Short Bond ETF in the 3rd quarter worth about $31,000. Assetmark Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 667.4% in the 3rd quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of PGIM Ultra Short Bond ETF by 102.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares in the last quarter. Finally, Spire Wealth Management raised its position 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 worth $57,000 after acquiring an additional 519 shares in the last quarter. 72.71% of the stock is owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

PULS stock opened at $49.54 on Tuesday. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84. The firm has a market cap of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01. The stock has a 50-day moving average price of $49.66 and a 200-day moving average price of $49.70.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1654 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend 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.