Petros Family Wealth LLC Takes $1.27 Million Position in PGIM Ultra Short Bond ETF $PULS

Petros Family Wealth LLC acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,531 shares of the company’s stock, valued at approximately $1,266,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new stake in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $30,000. Rossby Financial LCC purchased a new stake in PGIM Ultra Short Bond ETF during the third quarter valued at approximately $31,000. Assetmark Inc. raised its position in PGIM Ultra Short Bond ETF by 667.4% in 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 period. Pinnacle Bancorp Inc. raised its position in PGIM Ultra Short Bond ETF by 102.2% in the third quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of PGIM Ultra Short Bond ETF by 83.7% during the 3rd quarter. Spire Wealth Management now owns 1,139 shares of the company’s stock worth $57,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS stock opened at $49.66 on Friday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm has a fifty day moving average price of $49.68 and a 200-day moving average price of $49.71. The company has a market cap of $14.46 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.1654 per share. 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%.

About PGIM Ultra Short Bond ETF

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.