Good Steward Wealth Advisors LLC Boosts Stake in PGIM Ultra Short Bond ETF $PULS

Good Steward Wealth Advisors LLC raised its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 32.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 255,133 shares of the company’s stock after buying an additional 63,049 shares during the quarter. PGIM Ultra Short Bond ETF comprises approximately 8.8% of Good Steward Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Good Steward Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $12,713,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock worth $1,241,407,000 after purchasing an additional 2,999,297 shares during the period. Bank of America Corp DE grew its stake in PGIM Ultra Short Bond ETF by 17.8% during the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock worth $543,576,000 after buying an additional 1,647,341 shares in the last quarter. Horizon Wealth Management LLC bought a new position in PGIM Ultra Short Bond ETF in the 2nd quarter valued at about $62,497,000. JPMorgan Chase & Co. raised its position in shares of PGIM Ultra Short Bond ETF by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,714,033 shares of the company’s stock valued at $1,677,610,000 after buying an additional 897,077 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of PGIM Ultra Short Bond ETF by 269.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 936,430 shares of the company’s stock worth $46,597,000 after acquiring an additional 682,812 shares during the period. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Stock Performance

NYSEARCA PULS opened at $49.68 on Friday. The firm’s 50 day simple moving average is $49.70 and its 200 day simple moving average is $49.72. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of -23.88 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, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.1844 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. PGIM Ultra Short Bond ETF’s dividend payout ratio (DPR) is presently -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.