Navis Wealth Advisors LLC Reduces Stock Position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Navis Wealth Advisors LLC lessened its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,840 shares of the company’s stock after selling 7,368 shares during the quarter. PGIM Ultra Short Bond ETF makes up about 3.5% of Navis Wealth Advisors LLC’s holdings, making the stock its 6th largest position. Navis Wealth Advisors LLC’s holdings in PGIM Ultra Short Bond ETF were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in shares of PGIM Ultra Short Bond ETF in the fourth quarter valued at approximately $49,000. Macroview Investment Management LLC bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth $49,000. Pinnacle Bancorp Inc. lifted its holdings in PGIM Ultra Short Bond ETF by 38.2% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,277 shares of the company’s stock worth $63,000 after acquiring an additional 353 shares during the period. Capital Analysts LLC bought a new stake in PGIM Ultra Short Bond ETF during the fourth quarter worth $69,000. Finally, CWM LLC lifted its holdings in PGIM Ultra Short Bond ETF by 1,211.2% during the third quarter. CWM LLC now owns 1,993 shares of the company’s stock worth $99,000 after acquiring an additional 1,841 shares during the period.

PGIM Ultra Short Bond ETF Stock Performance

PGIM Ultra Short Bond ETF stock traded up $0.01 during mid-day trading on Friday, reaching $49.67. 941,791 shares of the company’s stock were exchanged, compared to its average volume of 1,241,822. The business’s fifty day simple moving average is $49.59 and its 200 day simple moving average is $49.50. PGIM Ultra Short Bond ETF has a one year low of $49.12 and a one year high of $49.71.

PGIM Ultra Short Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2443 per share. This is a positive change from PGIM Ultra Short Bond ETF’s previous dividend of $0.23. The ex-dividend date was Monday, April 1st.

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.