Stratos Wealth Partners LTD. Boosts Stock Position in PGIM Ultra Short Bond ETF $PULS

Stratos Wealth Partners LTD. lifted its holdings in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,671 shares of the company’s stock after buying an additional 14,266 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 0.12% of PGIM Ultra Short Bond ETF worth $15,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Spinnaker Investment Group LLC boosted its stake in shares of PGIM Ultra Short Bond ETF by 3.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 5,766 shares of the company’s stock worth $286,000 after acquiring an additional 202 shares during the last quarter. TradeWell Securities LLC. raised its stake in PGIM Ultra Short Bond ETF by 1.0% in the 2nd quarter. TradeWell Securities LLC. now owns 22,298 shares of the company’s stock valued at $1,110,000 after purchasing an additional 216 shares during the last quarter. JT Stratford LLC raised its stake in PGIM Ultra Short Bond ETF by 2.3% in the 3rd quarter. JT Stratford LLC now owns 10,055 shares of the company’s stock valued at $501,000 after purchasing an additional 222 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 3.6% in the 3rd quarter. Focus Financial Network Inc. now owns 6,651 shares of the company’s stock valued at $331,000 after purchasing an additional 231 shares in the last quarter. Finally, Cedar Point Capital Partners LLC lifted its holdings in PGIM Ultra Short Bond ETF by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 5,607 shares of the company’s stock valued at $279,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

PGIM Ultra Short Bond ETF Price Performance

Shares of PULS opened at $49.54 on Friday. PGIM Ultra Short Bond ETF has a 52-week low of $49.34 and a 52-week high of $49.84. The stock has a market cap of $14.54 billion, a PE ratio of -23.82 and a beta of 0.01. The firm’s fifty day moving average is $49.66 and its two-hundred day moving average is $49.70.

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 given a dividend of $0.1654 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%. PGIM Ultra Short Bond ETF’s payout ratio is presently -111.06%.

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.