Envestnet Asset Management Inc. Sells 337,047 Shares of PGIM Ultra Short Bond ETF $PULS

Envestnet Asset Management Inc. decreased its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 773,444 shares of the company’s stock after selling 337,047 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.30% of PGIM Ultra Short Bond ETF worth $38,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PULS. JPMorgan Chase & Co. raised its holdings in shares of PGIM Ultra Short Bond ETF by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after buying an additional 897,077 shares during the last quarter. Prudential Financial Inc. increased its position in PGIM Ultra Short Bond ETF by 13.7% in the 2nd quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after acquiring an additional 2,999,297 shares in the last quarter. Bank of America Corp DE raised its stake in shares of PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after acquiring an additional 1,647,341 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after purchasing an additional 49,798 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 11.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,403,485 shares of the company’s stock valued at $169,357,000 after purchasing an additional 358,984 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.68 on Wednesday. The firm has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $49.72. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The firm has a market cap of $13.34 billion, a P/E ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1844 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is -112.98%.

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.