Beam Wealth Advisors Inc. Makes New $2.94 Million Investment in PGIM Ultra Short Bond ETF (NYSEARCA:PULS)

Beam Wealth Advisors Inc. bought a new position in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 59,486 shares of the company’s stock, valued at approximately $2,938,000. PGIM Ultra Short Bond ETF comprises about 1.9% of Beam Wealth Advisors Inc.’s holdings, making the stock its 15th biggest position. Beam Wealth Advisors Inc. owned 0.06% of PGIM Ultra Short Bond ETF at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PULS. JPMorgan Chase & Co. purchased a new position in PGIM Ultra Short Bond ETF in the 1st quarter worth about $133,000. Private Advisor Group LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 1st quarter valued at about $354,000. Baird Financial Group Inc. increased its position in shares of PGIM Ultra Short Bond ETF by 24.8% during the 1st quarter. Baird Financial Group Inc. now owns 101,282 shares of the company’s stock valued at $4,984,000 after purchasing an additional 20,125 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of PGIM Ultra Short Bond ETF during the 1st quarter valued at about $245,000. Finally, Vident Investment Advisory LLC increased its position in shares of PGIM Ultra Short Bond ETF by 61.4% during the 1st quarter. Vident Investment Advisory LLC now owns 69,704 shares of the company’s stock valued at $3,430,000 after purchasing an additional 26,514 shares during the last quarter.

PGIM Ultra Short Bond ETF Price Performance

Shares of NYSEARCA PULS traded up $0.02 during midday trading on Wednesday, hitting $49.59. 428,735 shares of the company’s stock traded hands, compared to its average volume of 1,213,077. PGIM Ultra Short Bond ETF has a 1 year low of $49.12 and a 1 year high of $49.71. The firm has a fifty day moving average of $49.57 and a 200 day moving average of $49.49.

PGIM Ultra Short Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2443 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change 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.