Avestar Capital LLC Has $5.83 Million Stock Holdings in PGIM Ultra Short Bond ETF $PULS

Avestar Capital LLC decreased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 55.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,009 shares of the company’s stock after selling 143,954 shares during the quarter. Avestar Capital LLC’s holdings in PGIM Ultra Short Bond ETF were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. TradeWell Securities LLC. boosted its position in PGIM Ultra Short Bond ETF by 1.0% during the 2nd quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock worth $1,110,000 after acquiring an additional 216 shares during the period. Focus Financial Network Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 3.6% in the third quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock worth $331,000 after purchasing an additional 231 shares in the last quarter. Cedar Point Capital Partners LLC boosted its holdings in shares of PGIM Ultra Short Bond ETF by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock worth $279,000 after purchasing an additional 237 shares during the period. Trilogy Capital Inc. grew its position in PGIM Ultra Short Bond ETF by 1.5% during the third quarter. Trilogy Capital Inc. now owns 16,738 shares of the company’s stock valued at $834,000 after purchasing an additional 248 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in PGIM Ultra Short Bond ETF by 2.0% during the second quarter. Captrust Financial Advisors now owns 18,055 shares of the company’s stock valued at $898,000 after purchasing an additional 361 shares in the last quarter. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

PULS stock opened at $49.72 on Thursday. The company has a 50 day moving average of $49.70 and a two-hundred day moving average of $49.72. The company has a market cap of $13.35 billion, a price-to-earnings ratio of -23.90 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 12-month low of $49.34 and a 12-month high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.1844 per share. The ex-dividend date of this dividend 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 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.