MFA Wealth Advisors LLC Has $2.85 Million Stock Holdings in PGIM Ultra Short Bond ETF $PULS

MFA Wealth Advisors LLC decreased its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,395 shares of the company’s stock after selling 39,114 shares during the quarter. MFA Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,846,000 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. JPMorgan Chase & Co. grew its stake in PGIM Ultra Short Bond ETF by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after acquiring an additional 4,065,547 shares in the last quarter. Bank of America Corp DE lifted its position in shares of PGIM Ultra Short Bond ETF by 2.0% in the third quarter. Bank of America Corp DE now owns 11,139,193 shares of the company’s stock worth $555,066,000 after purchasing an additional 215,246 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of PGIM Ultra Short Bond ETF by 5.7% in the third quarter. Raymond James Financial Inc. now owns 4,348,595 shares of the company’s stock worth $216,691,000 after purchasing an additional 236,042 shares in the last quarter. UBS Group AG boosted its holdings in shares of PGIM Ultra Short Bond ETF by 16.9% during the third quarter. UBS Group AG now owns 4,102,346 shares of the company’s stock worth $204,420,000 after purchasing an additional 591,642 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of PGIM Ultra Short Bond ETF by 11.6% during the third quarter. PNC Financial Services Group Inc. now owns 3,799,980 shares of the company’s stock worth $189,353,000 after purchasing an additional 396,495 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS opened at $49.66 on Friday. The company has a market capitalization of $14.51 billion, a PE ratio of -23.88 and a beta of 0.01. The company’s 50 day moving average price is $49.68 and its 200 day moving average price is $49.71. PGIM Ultra Short Bond ETF has a 52 week low of $49.34 and a 52 week high of $49.84.

PGIM Ultra Short Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1654 per share. 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 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.