Blueprint Financial Advisors LLC Takes Position in PGIM Ultra Short Bond ETF $PULS

Blueprint Financial Advisors LLC acquired a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 22,606 shares of the company’s stock, valued at approximately $1,126,000.

Several other large investors have also recently bought and sold shares of PULS. JPMorgan Chase & Co. increased its stake in shares of PGIM Ultra Short Bond ETF by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,779,580 shares of the company’s stock valued at $1,882,557,000 after buying an additional 4,065,547 shares during the period. Prudential Financial Inc. boosted its holdings in PGIM Ultra Short Bond ETF by 13.7% in the second quarter. Prudential Financial Inc. now owns 24,947,177 shares of the company’s stock valued at $1,241,407,000 after acquiring an additional 2,999,297 shares during the last quarter. Bank of America Corp DE boosted its holdings in PGIM Ultra Short Bond ETF by 17.8% in the second quarter. Bank of America Corp DE now owns 10,923,947 shares of the company’s stock valued at $543,576,000 after acquiring an additional 1,647,341 shares during the last quarter. PNC Financial Services Group Inc. increased its position in PGIM Ultra Short Bond ETF by 11.6% in 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. Finally, Charles Schwab Investment Management Inc. raised its holdings in PGIM Ultra Short Bond ETF by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,617,785 shares of the company’s stock worth $180,021,000 after purchasing an additional 49,798 shares during the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Trading Down 0.4%

Shares of NYSEARCA PULS opened at $49.61 on Tuesday. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84. The firm’s 50-day moving average is $49.70 and its 200-day moving average is $49.72. The firm has a market capitalization of $13.32 billion, a PE ratio of -23.85 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.1654 per share. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is presently -112.98%.

About PGIM Ultra Short Bond ETF

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.