Leelyn Smith LLC Invests $14.58 Million in PGIM Ultra Short Bond ETF $PULS

Leelyn Smith LLC purchased a new position in shares of PGIM Ultra Short Bond ETF (NYSEARCA:PULS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 294,086 shares of the company’s stock, valued at approximately $14,584,000. PGIM Ultra Short Bond ETF makes up about 2.1% of Leelyn Smith LLC’s investment portfolio, making the stock its 10th largest position. Leelyn Smith LLC owned 0.11% of PGIM Ultra Short Bond ETF at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PULS. Focus Partners Wealth increased its position in shares of PGIM Ultra Short Bond ETF by 318.3% during the first quarter. Focus Partners Wealth now owns 22,858 shares of the company’s stock worth $1,137,000 after purchasing an additional 17,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of PGIM Ultra Short Bond ETF during the second quarter worth $330,000. Cerity Partners LLC acquired a new position in shares of PGIM Ultra Short Bond ETF in the 2nd quarter valued at $273,000. Betterment LLC increased its position in shares of PGIM Ultra Short Bond ETF by 5.2% in the 2nd quarter. Betterment LLC now owns 32,714 shares of the company’s stock valued at $1,628,000 after acquiring an additional 1,628 shares during the period. Finally, Transamerica Financial Advisors LLC increased its position in shares of PGIM Ultra Short Bond ETF by 6.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 55,224 shares of the company’s stock valued at $2,748,000 after acquiring an additional 3,157 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.

PGIM Ultra Short Bond ETF Price Performance

NYSEARCA PULS opened at $49.66 on Wednesday. The stock’s fifty day moving average price is $49.64 and its 200 day moving average price is $49.69. PGIM Ultra Short Bond ETF has a 1 year low of $49.44 and a 1 year high of $49.84. The company has a market cap of $14.57 billion, a price-to-earnings ratio of -23.88 and a beta of 0.01.

PGIM Ultra Short Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1654 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd. PGIM Ultra Short Bond ETF’s dividend payout ratio is presently -111.06%.

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.