Good Steward Wealth Advisors LLC Has $12.71 Million Position in PGIM Ultra Short Bond ETF $PULS

Good Steward Wealth Advisors LLC lifted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 32.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 255,133 shares of the company’s stock after purchasing an additional 63,049 shares during the period. PGIM Ultra Short Bond ETF accounts for 8.8% of Good Steward Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Good Steward Wealth Advisors LLC owned about 0.10% of PGIM Ultra Short Bond ETF worth $12,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in PGIM Ultra Short Bond ETF during the second quarter worth $31,000. Assetmark Inc. grew 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 valued at $34,000 after acquiring an additional 594 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth about $44,000. Pinnacle Bancorp Inc. raised its holdings 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 valued at $54,000 after purchasing an additional 551 shares during the period. Finally, Root Financial Partners LLC bought a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $72,000. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.68 on Friday. The business’s 50 day moving average price is $49.70 and its two-hundred day moving average price is $49.72. The company has a market cap of $13.34 billion, a PE ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a twelve month low of $49.34 and a twelve month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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

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.