Kathmere Capital Management LLC Invests $1.19 Million in PGIM Ultra Short Bond ETF $PULS

Kathmere Capital Management LLC bought a new stake in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,066 shares of the company’s stock, valued at approximately $1,193,000.

Several other large investors have also recently made changes to their positions in the company. Regatta Capital Group LLC boosted its holdings in PGIM Ultra Short Bond ETF by 4.8% during the fourth quarter. Regatta Capital Group LLC now owns 30,596 shares of the company’s stock worth $1,517,000 after buying an additional 1,390 shares in the last quarter. Spinnaker Investment Group LLC grew its position in PGIM Ultra Short Bond ETF by 3.6% during the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock valued at $286,000 after buying an additional 202 shares during the period. DAVENPORT & Co LLC increased its holdings in PGIM Ultra Short Bond ETF by 152.5% in the fourth quarter. DAVENPORT & Co LLC now owns 170,856 shares of the company’s stock valued at $8,473,000 after buying an additional 103,190 shares in the last quarter. Bulwark Capital Corp increased its holdings in PGIM Ultra Short Bond ETF by 128.4% in the fourth quarter. Bulwark Capital Corp now owns 157,369 shares of the company’s stock valued at $7,804,000 after buying an additional 88,470 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of PGIM Ultra Short Bond ETF by 88.6% in the fourth quarter. Daymark Wealth Partners LLC now owns 279,682 shares of the company’s stock worth $13,869,000 after acquiring an additional 131,386 shares during the period. 72.71% of the stock is currently owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PGIM Ultra Short Bond ETF stock opened at $49.66 on Friday. The firm has a 50-day simple moving average of $49.68 and a two-hundred day simple moving average of $49.71. PGIM Ultra Short Bond ETF has a fifty-two week low of $49.34 and a fifty-two week high of $49.84. The company has a market cap of $14.46 billion, a P/E ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1654 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd. PGIM Ultra Short Bond ETF’s payout ratio is currently -112.02%.

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.