PGIM Ultra Short Bond ETF $PULS Shares Sold by Correct Capital Wealth Management

Correct Capital Wealth Management decreased its position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,492 shares of the company’s stock after selling 36,638 shares during the quarter. PGIM Ultra Short Bond ETF accounts for about 1.9% of Correct Capital Wealth Management’s holdings, making the stock its 14th biggest holding. Correct Capital Wealth Management owned 0.10% of PGIM Ultra Short Bond ETF worth $13,279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in PULS. Spire Wealth Management purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at approximately $31,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 2nd quarter worth $44,000. Pinnacle Bancorp Inc. grew its stake in shares of PGIM Ultra Short Bond ETF by 102.2% during the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after purchasing an additional 551 shares in the last quarter. Root Financial Partners LLC purchased a new position in PGIM Ultra Short Bond ETF in the third quarter valued at $72,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in PGIM Ultra Short Bond ETF in the third quarter valued at $133,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS opened at $49.67 on Friday. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01. The business has a 50-day moving average of $49.69 and a two-hundred day moving average of $49.72. 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, February 4th. Investors of record on Monday, February 2nd were issued a $0.1844 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is -112.98%.

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.