BOS Asset Management LLC Boosts Stock Position in PGIM Ultra Short Bond ETF $PULS

BOS Asset Management LLC boosted its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 58.9% in the fourth quarter, Holdings Channel reports. The fund owned 132,080 shares of the company’s stock after purchasing an additional 48,958 shares during the period. PGIM Ultra Short Bond ETF accounts for about 1.8% of BOS Asset Management LLC’s portfolio, making the stock its 14th biggest position. BOS Asset Management LLC’s holdings in PGIM Ultra Short Bond ETF were worth $6,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PULS. Focus Partners Wealth raised its stake in shares of PGIM Ultra Short Bond ETF by 318.3% during the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares during the last quarter. AlphaCore Capital LLC grew its position in PGIM Ultra Short Bond ETF by 4.5% in the 2nd quarter. AlphaCore Capital LLC now owns 14,649 shares of the company’s stock valued at $729,000 after buying an additional 628 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in PGIM Ultra Short Bond ETF by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock valued at $180,021,000 after buying an additional 49,798 shares during the last quarter. Vestor Capital LLC acquired a new position in PGIM Ultra Short Bond ETF in the 2nd quarter valued at $184,000. Finally, Global Retirement Partners LLC acquired a new position in PGIM Ultra Short Bond ETF in the 2nd quarter valued at $8,052,000. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.64 on Tuesday. PGIM Ultra Short Bond ETF has a one year low of $49.34 and a one year high of $49.84. The company has a market cap of $14.38 billion, a P/E ratio of -23.87 and a beta of 0.01. The firm has a fifty day moving average of $49.69 and a two-hundred day moving average of $49.71.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a dividend of $0.1654 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is currently -112.02%.

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.