SouthState Bank Corp Sells 17,082 Shares of PGIM Ultra Short Bond ETF $PULS

SouthState Bank Corp trimmed its position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,167 shares of the company’s stock after selling 17,082 shares during the period. SouthState Bank Corp’s holdings in PGIM Ultra Short Bond ETF were worth $1,254,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PULS. Bessemer Group Inc. bought a new stake in shares of PGIM Ultra Short Bond ETF during the third quarter valued at approximately $626,000. Ashton Thomas Private Wealth LLC raised its stake in shares of PGIM Ultra Short Bond ETF by 27.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 348,551 shares of the company’s stock valued at $17,368,000 after buying an additional 75,556 shares in the last quarter. Commonwealth Retirement Investments LLC lifted its holdings in shares of PGIM Ultra Short Bond ETF by 19.4% during the 3rd quarter. Commonwealth Retirement Investments LLC now owns 75,216 shares of the company’s stock worth $3,748,000 after acquiring an additional 12,238 shares during the period. Money Concepts Capital Corp lifted its holdings in shares of PGIM Ultra Short Bond ETF by 29.8% during the 3rd quarter. Money Concepts Capital Corp now owns 7,189 shares of the company’s stock worth $358,000 after acquiring an additional 1,649 shares during the period. Finally, Guerra Advisors Inc acquired a new stake in shares of PGIM Ultra Short Bond ETF during the 3rd quarter valued at about $159,000. Institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Stock Up 0.0%

Shares of PULS opened at $49.65 on Friday. The company has a 50-day moving average price of $49.70 and a two-hundred day moving average price of $49.72. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of -23.87 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 business 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 of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.5%. PGIM Ultra Short Bond ETF’s payout ratio is currently -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.