PGIM Ultra Short Bond ETF $PULS Shares Bought by Spire Wealth Management

Spire Wealth Management raised its holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 7,574.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,410 shares of the company’s stock after buying an additional 86,271 shares during the quarter. Spire Wealth Management’s holdings in PGIM Ultra Short Bond ETF were worth $4,335,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PULS. Spinnaker Investment Group LLC increased its holdings in shares of PGIM Ultra Short Bond ETF by 3.6% during the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after acquiring an additional 202 shares in the last quarter. TradeWell Securities LLC. raised its position in shares of PGIM Ultra Short Bond ETF by 1.0% in the 2nd quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock valued at $1,110,000 after purchasing an additional 216 shares during the last quarter. JT Stratford LLC boosted its stake in PGIM Ultra Short Bond ETF by 2.3% in the 3rd quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock worth $501,000 after purchasing an additional 222 shares in the last quarter. Focus Financial Network Inc. grew its position in PGIM Ultra Short Bond ETF by 3.6% during the 3rd quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock worth $331,000 after purchasing an additional 231 shares during the last quarter. Finally, Cedar Point Capital Partners LLC grew its position in PGIM Ultra Short Bond ETF by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock worth $279,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.66 on Monday. The firm’s 50 day simple moving average is $49.68 and its two-hundred day simple moving average is $49.71. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 and a 12-month high of $49.84.

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 paid a $0.1654 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is -112.02%.

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.