Crewe Advisors LLC Sells 178,588 Shares of PGIM Ultra Short Bond ETF $PULS

Crewe Advisors LLC decreased its stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 760,896 shares of the company’s stock after selling 178,588 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 3.3% of Crewe Advisors LLC’s portfolio, making the stock its 9th largest position. Crewe Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $37,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth increased its position in PGIM Ultra Short Bond ETF by 318.3% during the 1st 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 in the last quarter. JT Stratford LLC lifted its holdings in PGIM Ultra Short Bond ETF by 21.4% in the 2nd quarter. JT Stratford LLC now owns 9,833 shares of the company’s stock valued at $489,000 after purchasing an additional 1,732 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 3.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,748 shares of the company’s stock worth $634,000 after purchasing an additional 398 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 9.4% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 67,612 shares of the company’s stock worth $3,364,000 after purchasing an additional 5,782 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of PGIM Ultra Short Bond ETF by 38.6% during the second quarter. Baird Financial Group Inc. now owns 148,443 shares of the company’s stock worth $7,387,000 after buying an additional 41,324 shares in the last quarter. 72.71% of the stock is currently owned by hedge funds and other institutional investors.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA:PULS opened at $49.54 on Friday. The firm has a 50 day simple moving average of $49.67 and a 200-day simple moving average of $49.70. The firm has a market cap of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1-year low of $49.34 and a 1-year high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

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

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.