Sargent Investment Group LLC Cuts Holdings in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Sargent Investment Group LLC trimmed its stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,500 shares of the company’s stock after selling 425 shares during the quarter. Sargent Investment Group LLC’s holdings in PGIM Ultra Short Bond ETF were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in PGIM Ultra Short Bond ETF by 26.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 230,963 shares of the company’s stock valued at $11,407,000 after acquiring an additional 48,701 shares during the last quarter. Crane Advisory LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 8.9% during the 4th quarter. Crane Advisory LLC now owns 919,112 shares of the company’s stock valued at $45,432,000 after buying an additional 75,469 shares in the last quarter. Ironwood Wealth Management Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 1.8% during the 4th quarter. Ironwood Wealth Management Inc. now owns 363,386 shares of the company’s stock valued at $17,988,000 after buying an additional 6,567 shares in the last quarter. Vickerman Investment Advisors Inc. lifted its stake in shares of PGIM Ultra Short Bond ETF by 46.3% during the 4th quarter. Vickerman Investment Advisors Inc. now owns 548,816 shares of the company’s stock valued at $27,106,000 after buying an additional 173,717 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of PGIM Ultra Short Bond ETF by 6.5% during the 4th quarter. DAVENPORT & Co LLC now owns 65,919 shares of the company’s stock valued at $3,256,000 after buying an additional 4,035 shares in the last quarter.

PGIM Ultra Short Bond ETF Stock Performance

Shares of PULS stock traded up $0.01 during trading on Friday, reaching $49.67. 941,791 shares of the company’s stock traded hands, compared to its average volume of 1,241,822. The firm’s 50-day moving average is $49.59 and its 200 day moving average is $49.50. PGIM Ultra Short Bond ETF has a 1 year low of $49.12 and a 1 year high of $49.71.

PGIM Ultra Short Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2443 dividend. The ex-dividend date was Monday, April 1st. This is a boost from PGIM Ultra Short Bond ETF’s previous dividend of $0.23.

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.