Stratos Wealth Partners LTD. Grows Position in PGIM Ultra Short Bond ETF $PULS

Stratos Wealth Partners LTD. boosted its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296,405 shares of the company’s stock after buying an additional 17,157 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.12% of PGIM Ultra Short Bond ETF worth $14,770,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PULS. Spire Wealth Management purchased a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth $31,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $44,000. Pinnacle Bancorp Inc. lifted its stake in PGIM Ultra Short Bond ETF by 102.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,090 shares of the company’s stock worth $54,000 after acquiring an additional 551 shares in the last quarter. Root Financial Partners LLC acquired a new position in PGIM Ultra Short Bond ETF during the 3rd quarter worth about $72,000. Finally, TD Waterhouse Canada Inc. purchased a new position in PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.68 on Wednesday. The company’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $49.72. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The stock has a market capitalization of $13.34 billion, a PE ratio of -23.88 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, February 4th. Investors of record on Monday, February 2nd were paid a $0.1844 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. PGIM Ultra Short Bond ETF’s payout ratio is currently -112.98%.

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.