Seed Wealth Management Inc. Has $4.97 Million Stock Position in PGIM Ultra Short Bond ETF $PULS

Seed Wealth Management Inc. lifted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 297.1% during the fourth quarter, Holdings Channel reports. The fund owned 100,114 shares of the company’s stock after acquiring an additional 74,905 shares during the quarter. PGIM Ultra Short Bond ETF accounts for 3.4% of Seed Wealth Management Inc.’s holdings, making the stock its 7th largest position. Seed Wealth Management Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $4,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PULS. JPMorgan Chase & Co. grew its holdings in PGIM Ultra Short Bond ETF by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after purchasing an additional 4,065,547 shares during the last quarter. Bank of America Corp DE raised its position in shares of PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock valued at $555,066,000 after purchasing an additional 215,246 shares during the period. Raymond James Financial Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 5.7% in the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after buying an additional 236,042 shares during the last quarter. UBS Group AG lifted its stake in shares of PGIM Ultra Short Bond ETF by 16.9% in the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after buying an additional 591,642 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 11.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after buying an additional 396,495 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA:PULS opened at $49.54 on Monday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm’s fifty day simple moving average is $49.66 and its 200 day simple moving average is $49.70. The firm has a market capitalization of $14.54 billion, a PE ratio of -23.82 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, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1654 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is -111.06%.

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.