PGIM Ultra Short Bond ETF $PULS Shares Sold by Financial Consulate Inc.

Financial Consulate Inc. cut its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 229,710 shares of the company’s stock after selling 20,708 shares during the period. PGIM Ultra Short Bond ETF accounts for about 1.6% of Financial Consulate Inc.’s holdings, making the stock its 15th largest holding. Financial Consulate Inc.’s holdings in PGIM Ultra Short Bond ETF were worth $11,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in PGIM Ultra Short Bond ETF by 1,346.2% during the fourth quarter. Sound Income Strategies LLC now owns 564 shares of the company’s stock worth $28,000 after acquiring an additional 525 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $30,000. Rossby Financial LCC acquired a new position in PGIM Ultra Short Bond ETF during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in PGIM Ultra Short Bond ETF by 394.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 513 shares during the last quarter. Finally, Assetmark Inc. boosted its position in PGIM Ultra Short Bond ETF by 667.4% during the third quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $34,000 after acquiring an additional 594 shares during the last quarter. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Trading Up 0.1%

PULS opened at $49.58 on Thursday. The firm has a market capitalization of $14.55 billion, a PE ratio of -23.84 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. The firm’s 50-day moving average price is $49.65 and its 200 day moving average price is $49.70.

PGIM Ultra Short Bond ETF Cuts Dividend

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